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Tuesday, July 12, 2011

postheadericon It's all about the pressure to spend

In the coming weeks the federal debt limit is scheduled to be increased for the seventh time in the past three years. A familiar high stakes game of budget “chicken” begins anew. So why is it so difficult to balance the federal budget at a time when both parties are allegedly desperate to do so?

My service on the House Budget Committee and as a House majority whip lead to one simple conclusion: it’s all about a constant pressure to spend.

Fact: Most human beings want approval; most elected officials crave it. Result: It is near impossible to control the primal urge to spend taxpayer dollars or, more precisely, pile up gargantuan debt on the federal credit card.

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