There should be a corollary to the old maxim that death and taxes are the only certainties in life: You can be pretty sure that Washington won’t spend your taxes responsibly.
As Congress scrambles to craft yet another deal to avoid defaulting on the debt, talk of long-term reform remains conspicuously absent from the debate. Instead, discussions remain focused on how to raise the debt ceiling for the 25th time since 1993. In other words, Congress is yet again looking to postpone the consequences of its lack of fiscal discipline, while at the same time making no effort to change its behavior. And with the national debt hitting $22 trillion back in February and moving rapidly towards $23 trillion, that lack of responsibility is becoming more and more costly.
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