All cuts, no revenue
Now that we have a compromise, I'd like to point out once again that the whole crisis was a tempest in a Teapot, or should I say, in a Tea Party. The debt ceiling gets raised all the time and is something of a formality. Why make a big deal about it now?
The reason, of course, is the 87 freshman Tea Party House Members elected to congress in 2010. I realize that the Tea Party people were as exercised about all the spending during the Bush era, but I really wish they had gotten elected back then to cut spending, rather than trying to force it now at the time when it would actually be more helpful for the government to pump some more money into the economy.
The problem, of course, is that nobody in the Congress really wants to do something to create jobs, because it's not something that the government has a lot of control over, short of directly hiring people a la the Works Progress Administration. Or they could send new block grants to the states to keep all those teachers and police officers employed. That seemed to be helping until the stimulus money ran out.
So, Tea Party freshmen: it looks like spending cuts are in order. When do all the new jobs start?
2 comments:
Oh, and just for fun, here's Jon Stewart making fun of Republican motivational methods for the deal and Chuck Schumer (sp?) describing them.
http://www.thedailyshow.com/watch/thu-july-28-2011/republicans-watch--the-town-
The Town
Post a Comment