Wednesday, February 04, 2004
Everyone talks about Leviathan but no one does anything about it. Some are just discovering that voting Republican is no help. Some years ago, James Buchanan suggested a Constitutional amendment that would require super-majorities for increased spending -- above some threshold. Today's WSJ features an op-ed by John O. McGinnis and Michael A. Rappaport that makes the same case and includes a substantive proposal. It is an election year and also a year with omnibus spending bills in Congress that include approximately 15 earmarked pork proposal for each and every member of Congress. If these two events are not the alignment to at least start a serious discussion of McGinnis-Rappaport-type proposals, then we will have to be sure that we somehow stay rich enough to keep filling the trough.
Posted by Peter Gordon at 2/04/2004 07:53:00 AM