In about a decade, the twin forces of demographics and compound interest will leave few options for solving the fiscal mess Washington has created. By then, our options will all be ugly. We could make draconian spending cuts, or impose large tax increases that will undermine our economy in the competitive global marketplace. Or we could debase the value of the dollar by printing a large amount of money. This would shrink the overall value of the federal government's debt. It would also wipe out the value of most Americans' savings....DISCLAIMER: i am supporting McCainI was elected to Congress in 1994 as part of a Republican Revolution that captured control of both the House and Senate. A number of us tried to apply the brakes to the Washington spending train. We didn't succeed. Six years later, I left Washington convinced that only a chief executive willing to use the presidential bully pulpit could bring spending under control.
Now, in John McCain, the GOP has a standard-bearer who would be willing to turn the power of the presidency toward controlling federal spending. Mr. McCain has one of the best spending records in Congress, and has never shied away from criticizing government pork-barrel spending.
Saturday, March 15, 2008
Strong case for McCain
Endorsement from Mark Sanford in the WSJ:
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