I like the phrase “ownership society.” It sounds like something Tony Blair would say. I look forward to social security reform and tax law reform. They will do something to compensate for the prescription drug benefit added to Medicare and the recently signed corporate tax bill. On the costs of big government conservatism, Steve Hayward is right (it “is merely low budget liberalism, and not all that low-budget any more”). According to a study reported in the Economist, the George W. Bush administration is responsible for three of the six largest annual percentage increases in real discretionary spending over the last 40 years. The Johnson administration is responsible for the other three.