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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (45315)8/26/2010 6:34:31 PM
From: TimF  Read Replies (1) of 71588
 
derek in reply to Every Man A King

Let me tell you a story. Once upon a time Canada had a similar fiscal problem, bordering on crisis. The response was Krugmanian, the fall back was always to spend more, avoid cuts. The political game was what you are doing; call into question and blame. Neither party wanted to do anything, because how can you buy an election if you cut spending.

Along came a strange character from a foreign province. He had a squeaky voice, didn't want to talk about the usual political hot issues. He proposed a serious tax cut along with a serious dismantling of government programs. Enough people followed which led to the destruction of the Conservative party, and the entrenchment of a Liberal majority for many years.

But his (and his party's) ideas of balanced budget and government cuts allowed the Liberals to take a more moderate path; balanced budgets and government cuts.

It is not Ryan who is the problem. It is the one who has the checkbook right now.

What I and many others realized during the Canadian Saga is that anyone who complained about or discredited those willing to consider difficult decisions are supporters of government borrowing.

Krugman is making that argument, one that is getting more and more indefensible as time goes on. Own your argument.

You want long term high deficits and high taxation rates. You love large government programs with high long term costs.

Fiscal sanity will prevail in the US when you and the politicians that you support lose elections and lose power due to profligate spending. This isn't a party issue. Both are as reprehensible as the other.

All else is academic.

theatlantic.com
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