Worse Than Taxes: The Spending

(By John Stossel, Real Clear Politics) - Bill O'Reilly is mad at me because I'm not mad enough about taxes.

Last week on "The O'Reilly Factor", we talked about California's and New York's enormous budget deficits and planned tax increases. Those states would have big surpluses had they just grown their governments in pace with inflation. But of course they didn't. Now the politicians act like their current deficits are something imposed on them by the recession.

But that's nonsense. They created the problem with their reckless spending.