Monday reading matter: Hugh Hewitt at the Washington Examiner, h/t Insty.

President Obama and his congressional allies expect to be assisted in their casual shuffling off of the most basic of Article I duties by a Manhattan-Beltway media elite, quick to assure their dwindling audiences that the abandonment of budgeting isn't completely without precedent. Lefty pundits can and will point to a year or two where the pressures of business ended the hope of a formal budget.

Read the whole thing.

So the Dims are not even going to TRY to budget their expenditures and their lack of income. I cannot say that I am surprised. On our current path, the drop in tax receipts that D.C. is ingnoring currently will accelerate sharply after the first of the year.

Everyone that I know that has the ability to move income and tax payments to 2010 from 2011 is doing so. Next year will be a federal budget train wreck as Our Ruling Class discover that they can't continue to rachet up taxes on overtaxed businesses and business owners and expect sheep-like compliance.

The opposing party must run on this issue, relentlessly, for November. Keep the Bush tax rates; reduce estate taxes; hold capital gains tax rates where they are currently AND promise to leave them alone. Businesses need to lose the Regime Uncertainty that all corporate economists are dialing into their forecasts. Tax receipts will return when businesses are allowed to.

The alternative is aggressive wealth confiscation by a surviving Dim leadership that won't cut spending in an environment where conventional tax receipts plummet.