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Originally posted by Captain
I am suspicious of "starving the beast" because the beast keeps eating until we hit the seed corn. If there is not political will to limit spending, it is irresponsible to borrow rather than tax. Easy, but irresponsible.
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Yes, but those who holler "tax and spend" while voting for borrow and spend can't get their arms around this idea. Instead, they claim that the Dems are forcing the spending on them. Or they take Hank's tack, and claim that the stuff they are borrowing to pay for is "good stuff" -- which begs the obvious question of, if it's all good stuff, why aren't they willing to raise taxes to pay for it?
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In this world, social engineering is a fact of life. Everyone cracked the champagne yesterday when the fed indicated that interest rate increases were nearing the end; the fed has no choice but to socially engineer. Sitting on the sidelines will please neither Milton Friedman nor John Kenneth Galbraith (both of whom I have chosen in the death pool, signifying the death of 20th century economics).
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This should be obvious to anyone who did not die before 1928, but sadly it isn't. The number of people who claim to be "anti-government" on this board, and even make goofy claims like "government doesn't help me make a living", is sometimes laughable, sometimes shocking, always absurd. Particularly given that this is a board of lawyers, none of whom would have jobs if their pseudo-libertarian fantasies were to become real.
