It’s ironic that Erksine Bowles makes these comments to the Daily Tar Heel about the terrible impact of this country’s out-of-control spending and borrowing just days after his fellow Democrats pile on astronomical levels of spending and government intervention via the new health insurance “reform” law.

Bowles soon heads to Washington to co-chair President Obama’s deficit reduction commission — a group set up in order to shield the president and members of Congress from making realistic budget decisions.