earlier today, President Biden announced his new, revised, supposedly curtailed, social spending plan for America. It seems that the depressing economic numbers, the soaring costs of goods, mounting data that government spending is to blame, or perhaps some more moderate voices within the Democratic conference forced him to walk this latest monstrosity back. Democrats, who won control with the slimmest of majorities, feel that they have a mandate to change more about American society and spend more money than any group of elected officials in American history. The White House Chief of Staff tweeted today, bragging that this deal is still twice as big as the New Deal in real dollars. Be it at $3.5 trillion or a little less, we have lost almost all sense of what money means, at least when it comes to money being spent by Washington--by public officials who congratulate themselves, each other, and, in return, are congratulated by many in the media for spending other people's money or spending money we don't have, money that ends up, effectively, being printed. Our Founding Fathers entrusted Congress with the power of the purse because they expected Congress, which is the branch of government most accountable to the people at the most regular intervals, to be most likely to jealously guard the funds of those who sent us here.…
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