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Ken Hagerty
Ken Hagerty
Policy Vice President, Renewing American Leadership Action
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      Ken Hagerty

      Ken Hagerty is policy vice president for Renewing American Leadership Action.

Baseline budgeting: The statists’ thumb on the scale

              FILE - In this April 8, 2013, photo, copies of President Barack Obama's budget plan for fiscal year 2014 are prepared for delivery at the U.S. Government Printing Office in Washington. The Treasury reports on the budget deficit for June on July 10, 2013. (AP Photo/J. Scott Applewhite, File)

On the afternoon of July 12, 1974, House and Senate Democratic leaders were arriving early at the White House — well before their demoralized Republican counterparts. And were they ever pumped! As they trouped into the President’s office for their photo-op, it became clear they considered this a victory party. They almost literally pranced around the Oval Office giving each other the 1970s equivalent of high-fives and chest bumps.