Robert Samuelson Makes Sense

Politicians might be shamless and senseless about government spending but Robert Samuelson does a good job of making sense of this silliness exhibited by both parties in an op-ed in the Washington Post today.

No economist did more to help us understand the problems of public debt than James Buchanan. See his Public Principles of the Public Debt, and Democracy in Deficit (with Richard Wagner).

We better get the “shameless and senseless” spending behavior otherwise they will bankrupt the US economy beyond a point that would be salvagable.