Well, Crap.

At what point do we admit that we lack the political will to either stop spending or start raising revenue? I'm no economist, but I know what my bank would do if I refused to work but continued writing successively larger checks.

The enduring emblem of this administration will be the exposure of the political canard that Democrats are the fiscally irresponsible party. If the Dems are tax-and-spend, these guys are don't-tax-but-still-spend, the worst of both worlds.