Rhodes News

The liberal grand strategy is to use their accidentally large majorities this year to pass new entitlements that start small but will explode in future years. U.S. creditors will then demand higher taxes—taking income taxes back to their pre-Reagan rates and adding a value-added tax too. This would expand federal spending as a share of GDP to as much as 30% from the pre-crisis 20%.  Full Commentary.

Paul Ryan, congressman for Wisconsin's 1st congressional district, explains in Forbes how big business and big government have become sinister bedfellows.