A few weeks ago, Politico lavishly praised bipartisanship in Washington saying “Don’t look now, but the Senate’s actually working.” The story could have been subtitled “Taxpayers, grab your wallets,” because bipartisanship in Washington usually leads to bigger government.
Today, we are learning about the latest example of bipartisan insanity as we hurry toward the fiscal cliff. As most Americans are rightly focused on the impending Obamacare court decision, Democrat and Republican leaders are quietly planning to combine a new highway bailout with a student loan bailout. All of this is to be paid for by raising new taxes and raiding private pensions. Adding to this mess, a reauthorization of the federal flood insurance program may be added to this mega-bailout bill, with a new mandate that requires more people to purchase flood insurance even if they live in very low risk areas.
