We're going about this thing all wrong
I'm talking, of course, about the economy. It's annoyingly broken, and for some reason just refuses to fix itself.
The tea party gang would have you believe it's as simple as spending less money and reducing the deficit. However, they can't actually believe that will work. Every economist and his brother-in-law tells us that cutting government spending will just send the economy further into the toilet. Economies in the toilet, as we've seen recently, tend to result in larger deficits.
Of course, Obama and the Democrats don't have a much better plan. They're banking on stimulus that's so tepid that Republicans might even vote for it if they hold their noses. Tepid stimulus leads to, you guessed it, tepid recovery.
I have a modest proposal.
[more]
The tea party gang would have you believe it's as simple as spending less money and reducing the deficit. However, they can't actually believe that will work. Every economist and his brother-in-law tells us that cutting government spending will just send the economy further into the toilet. Economies in the toilet, as we've seen recently, tend to result in larger deficits.
Of course, Obama and the Democrats don't have a much better plan. They're banking on stimulus that's so tepid that Republicans might even vote for it if they hold their noses. Tepid stimulus leads to, you guessed it, tepid recovery.
I have a modest proposal.
[more]
Labels: business, consumers, Daily Camera, deficit, economy, Obama, politics, taxes