All of these programs, of course, will be entitlements if the President gets his way. That means they will grow ever more expensive in the years ahead whether the Federal Government has budget surpluses or not. The Boy President is not alone in scheming to spend the budget surplus to shore up his standing with the electorate. Republicans and Democrats alike have shown an amazing eagerness to spend public money for their own reelection rather than return it to the taxpayer. That is why the only way to save us from the peril of the politicians using the budget for their own reelection projects is to return the surplus to taxpayers.
Federal taxes are too high anyway.
As the Wall Street Journal editorial page never tires in reporting, the tax burden is nearly at wartime levels. Return the burden to peacetime levels. And there is another problem. The budget surplus that the politicians are claiming justifies their expenditure increases might very well be exaggerated. According to a piece about to be published in the August issue of The American Spectator, The Congressional Budget Office finds the projected surpluses fanciful.