Tyler Cowen labels this blog post scary and asserts that “Every paragraph in the article is terrifying.” It’s essentially a story about the culture of D.C. and its environs. Here’s a sample: Yet the diversity of the Washington economy is an illusion, for each of its business sectors is to some degree a creature of [...]

Think paring government spending is going to be easy? Consider this: Demographic changes, the recession and the ever expanding percentage of the population eligible for assistance is creating constituencies opposed to spending restraint. As the article points out: Nearly three-quarters of Americans blame the U.S. budget deficit on spending too much money on federal programs, according [...]