Troubled Track

In Which RedStateVT Breaks Its 2012 Resolution Not To Write About Paul Krugman
Deficit-worriers portray a future in which we’re impoverished by the need to pay back money we’ve been borrowing. They see America as being like a family that took out too large a mortgage, and will have a hard time making the monthly payments. This is, however, a really bad analogy in at least two ways. First, families have to pay back their debt. Governments don’t — all they need to do is ensure that debt grows more slowly than their tax base. (Paul Krugman, NYT, 1/1/2012)


Here's the problem with Krugman's "grow the tax base faster than the debt" solution: He and his fellow Liberals are constantly reducing the tax base by increasing the number of people dependent on government. If 50% or so of all Americans don't pay ANY taxes, then the other 50% have to pick up a larger share. Surely a PhD could figure that out.


One More Thing
But right now, other things matter more. We need more, not less, government spending to get us out of our unemployment trap. (Paul Krugman, NYT, 1/1/2012)


It occurs to us that Liberals should be reminded that they are naive to think that politicians - given access to more taxpayer dollars - are going to behave responsibly. More dollars in the hands of politicians are only going to lead to more payoffs to supporters (unions and teachers in the case of Democrats) and more waste (see Solyndra). THAT is why RedStateVT argues for austerity.


Wagering
President Obama's campaign has boasted that it will have as much as $1 billion to spend this campaign year, and you can bet his super PACs will come out swinging at the GOP nominee as soon as that choice is clear. (WSJ, 1/4/2012)


Sen. Bernie Sanders will be a guest on The Colbert Report tonight to discuss his Saving American Democracy Amendment. Bernie’s amendment to the Constitution would reverse a Supreme Court ruling that lets corporations spend unlimited and undisclosed amounts of money to influence elections. (Sanders.enews, 1/3/2012)


Guess we will have to wait and see if the Colonel's outrage extends to Obama's super PAC....