Can we for once stop conceding ground to the idiots?
- Cutting back on spending now will throw millions more out of work
- That's unbelievably stupid because millions more out of work and not paying taxes will only make the long-term deficit worse
- Refusing to spend now to put people back to work and re-build a thriving economy is like refusing to go on a job interview because you will have to spend money on transportation
OK, you understand that? Then how the hell can any fool say the biggest immediate problem we face is growing deficits and long-term national debt – that the most important thing we can do is throw more people out of work? Maybe they aren't fools, because mass unemployment brings many benefits for those already holding the economic cards – like shutting up those knocking on the door for a fair share of the national product and a seat at the table where things are decided.
But they do count on the rest of us being fools. In the case of reporters and editors for the national press, who routinely ascribe Solomonic stature to deficit crusaders like the fantastically wealthy Pete Petersen always recommending economic hair shirts for the little people – which means anyone making less than, oh, $500 K per year or so -- that has been a fantastic bet.