Quote for the Day II

"At some point, we have got to stop this madness here in Washington D.C. … The American people are as mad at us about driving this country economically off the edge as any one thing … What we‚Äôre doing to this country is almost criminal," – Republican senator, Chuck Hagel, on the GOP’s fiscal insanity.

With the Democrats’ now pledging to restore the pay-as-you-go principle in Congressional appropriations – i.e. every new spending increase has to be balanced by a tax increase – it’s clear which party formally represents fiscal conservatism. Whether the Democrats deliver is another matter. But one thing we know: the GOP hasn’t delivered. They have spent and borrowed at rates that fully merit the "criminal" rhetoric now lobbed by their own side. They deserve to be punished. Kick them out.