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The Democratic Congress's 2008 Budget: A Tax and Spending Spree

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Publication Date: October 2007

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Brian M. Riedl

Series: Backgrounder

Topic: Banking and finance (Public finance)

Keywords: Budget; Taxes; Budget; pork

Type: Report

Coverage: United States

Abstract:

Congressional Democrats have portrayed themselves as responsible fiscal stewards who would rein in spending, clean up pork-barrel projects, resist large tax increases, and maintain strict PAYGO rules. They have failed on all four counts, leaving the nation saddled with an increasing tax burden and bloated government and ill-prepared to fund the coming retirement benefits for 77 million baby boomers.