John Cogan, a Senior Fellow at Stanford University’s Hoover Institution, has one. In his Tuesday Wall Street Journal op-ed regarding a suggestion for fiscal federalism in government spending—an otherwise sound idea for leaving State and local projects to be funded solely by the States and local jurisdictions doing the projects—he had this:

My analysis of federal budget data shows that the chronic federal budget deficits since the 1950s are due to the federal government’s failure to raise tax revenues required to finance its spending on state and local activities.

No. The chronic federal budget deficits have been caused by the Federal government nationalizing the spending on those State and local activities, not by any failure to raise taxes to pay for spending that ought not to have been done in the first place.

It’s not too late to go back to the restraints that federalism places on government spending, but let’s not lose sight of the fact that that federalism never should have been abandoned in the first place. That’s how we have a chance to learn the lessons of that error, rather than repeating it in future.