Tuesday, April 27, 2010

Thinking Like a Liberal on Deficit

Lynn Parramore: The Deficit: Nine Myths We Can't Afford

I know this is from the HuffPo, so rational people don't even read it, BUT there are plenty of irrational people in the world, and I'll bet at least most of the 20% of folks that self-identify as liberal will buy SOME of this myth-busting.

I'm not going to bother to waste the time to refute of each of these on their own. If you even have any tendency to buy any of this, just consider that if it is really this rosy, every nation on earth as been a fool forever. Just spend spend spend with no constraint, cut taxes to zero, interest to zero, and the whole country can go on a lifetime bender and buy all they want on the proceeds -- at least if the "busting" hypothesis are true.

OTOH, if there IS such a thing as "fiscal gravity", we are still in grave peril, and even graver when you suspect that some of the idiots at the controls of our ship probably buy into this!

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