The time has now come for fiscal conservatives to publicly admit the truth: the Republican complicity in the great spending spree of the early 21st century has placed our agenda on life-support. By failing to cut spending while implementing tax cuts and fighting a war, we now find ourselves in a predicament. The beast has not been starved, the deficit has once again become a political issue, and the chances of acceptable Social Security reform, overhaul of the tax code, and the permanence of the previous tax cuts are all in jeopardy. This dismal situation harkens back to events in...