Devin, great illustration. It's especially scary when you consider that the pensions for public employees are the fuse to the next debt bomb. So loading up more government employees now will hurt even worse later on no matter how the economy is doing (think France riots). I could not get your last comment on my post to work as a URL. Is this the graph you were pointing me to?
The France and Britain comparisons are timely. They reminded me of Jonah Goldberg's recent column, "Fools Rush in Where Europe Rushes Out." He concludes it with this statement:
"The contrast with Europe is stunning. The streets there are clogging with protestors who desperately want to keep perks and pensions that are driving their countries into insolvency, while responsible leaders do everything they can to impose fiscal sanity before everything comes crashing down. In America, protestors (aka the Tea Parties) have taken to the streets to keep our irresponsible leaders from going in the same direction. In response, Obama says America's irrational fear has made voters stupid.
But what's irrational about saying that we shouldn't be rushing into a condemned building everyone else in the developed world is rushing out of?"
The link in my last comment to your post was supposed to take you to a wsj article. Just google "reaganism, new jersey style" and it should be the first link that pops up. It's written by William McGurn.
Become active in politics. Help destroy the myth that “politics are dirty.” The fact is: politics are essential. The Lord has stressed that we ought to be concerned and involved in promoting good government. You simply have to realize that the political process is the way to attain that objective.
-D. James Cannon
Book List
I have granted every contributor admin privileges so that you can add your favorite political books yourself. Just follow the same format and be sure to keep this comment first in the list. Thanks!
"The Constitution of Liberty" by F.A. Hayek (Jeff)
"The Wealth of Nations" by Adam Smith (Devin)
"1776" by David McCullough (Devin)
"The Road to Serfdom" by F.A. Hayek (Jeff)
"A Matter of Interpretation" by Antonin Scalia (Devin)
"Atlas Shrugged" by Ayn Rand (Rich)
"1984" by George Orwell (Devin)
"The Birth of Plenty" by William J. Bernstein (Devin)
Very quick read: "The Curses of Entitlement: 30 Frightening Consequences of Government Payments" by Roger Fritz (Rich)
"The Tempting of America" by Robert H. Bork (Devin)
2 comments:
Devin, great illustration. It's especially scary when you consider that the pensions for public employees are the fuse to the next debt bomb. So loading up more government employees now will hurt even worse later on no matter how the economy is doing (think France riots).
I could not get your last comment on my post to work as a URL. Is this the graph you were pointing me to?
The France and Britain comparisons are timely. They reminded me of Jonah Goldberg's recent column, "Fools Rush in Where Europe Rushes Out." He concludes it with this statement:
"The contrast with Europe is stunning. The streets there are clogging with protestors who desperately want to keep perks and pensions that are driving their countries into insolvency, while responsible leaders do everything they can to impose fiscal sanity before everything comes crashing down. In America, protestors (aka the Tea Parties) have taken to the streets to keep our irresponsible leaders from going in the same direction. In response, Obama says America's irrational fear has made voters stupid.
But what's irrational about saying that we shouldn't be rushing into a condemned building everyone else in the developed world is rushing out of?"
The link in my last comment to your post was supposed to take you to a wsj article. Just google "reaganism, new jersey style" and it should be the first link that pops up. It's written by William McGurn.
Post a Comment