Betsy remarks on liberals suddenly not worrying about the deficit.
It’s funny to see people who used to worry about the impact of much smaller deficits now shrugging off all concern about passing a spending package that will raise the deficit to a percent of GDP that we haven’t seen for more than a half-century.
A new level of baseline spending is being set, there is no turning back. A great thing if you’re a socialist.
This bill was not created by economists trying to figure out how best to lower unemployment. It was created by appropriators stuffing their favorite programs into the bill without regard to any stimulative effect. Their new philosophy, as enunciated by President Obama, is that all spending is stimulus. And they don’t seem to care whether the spending is done this year or in future years.
Instead of only choosing policies that are targeted at job growth this year, they are putting in policy changes that should have been openly debated under normal rules of the House and Senate. We will be waking up in the future to find out that new policies were created that no one except a few Hill Democrats will know anything about. These policies will have nothing to do with addressing the economic crisis. And we will be paying for these new policies and spending for decades as we borrow that money from overseas or tax our children. For shame.
Yes, for shame.
What say Boulder liberals? Is it the way the money is going to be spend that makes it ok? Please enlighten me.
