Fred Hiatt of the Washington Post deserves some credit for being honest about where the country and its taxpayers are heading:

Since the Reagan era, some conservatives have hoped to shrink government by “starving the beast.” Refuse to raise taxes, they figured, and eventually spending would have to fall.
It’s beginning to look as though the new team may have a similar strategy, in reverse: Increase spending, and eventually taxes will have to be raised.
No official has articulated that to me as a strategy. But look at the evidence.

Yes, the evidence is upsetting: massive amount of debts which are about to get much worse with the baby boomers so close to retiring.

Obama’s response has been to acknowledge the seriousness of the problem — and make it worse. I’m not talking about his record-breaking stimulus plan, which was essential (if not ideally shaped) given the recession he also inherited. Rather, it is Obama’s long-term budget that would more than double the projected deficit over the next 10 years, to $9 trillion, by extending most of the Bush tax cuts and limiting the alternative minimum tax while creating new programs and entitlements (to college tuition scholarships, for example) and refusing to cut back on existing ones.
And that’s not to mention his top priority, universal access to health care.

The bottom line: All of you prepare for large, very large, tax increases — soon.

Read the whole thing here. And scream.