In all the talk about debt ceilings, deficits and budgets, we read something in The Washington Post yesterday that is astonishing.
A Post story about the bill passed to extend the limit on the debt ceiling for three months to give the Senate time to propose a budget contained the following reference to House Minority Whip Steny Hoyer:
"The fact is that you don't need a budget," Rep. Steny Hoyer (D-Md.) said last year. "We can adopt appropriation bills and we can adopt authorization policies without a budget."
Now, if we read that quote correctly, the second most powerful Democrat in the House of Representatives (only Minority Leader Nancy Pelosi is more prominent) sees no reason for the federal government to ever go through the process of budgeting.
In other words, he says there is no reason to try to match revenues with expenditures.
If a powerful politician like Hoyer actually believes this, there is little hope that the U.S. government will ever get its house in order.
Apparently, most of Washington believes we can just keep on spending without worrying whether we have the money to pay for it or not.
* Editorials reflect the opinion of the publisher.