Deficits are Bad, but the Real Problem is Spending

by on December 29, 2009 · 3 comments

I was reminiscing last night with my Cato Institute colleague Dan Mitchell about a favorite TLF post of mine: the Persuade-o-Meter. Woo! I slay me!

Dan is very excited about the blue curtain that Santa Claus brought him for Christmas. It matches the ties of his two favorite recent presidents. And he made this video to show it off.

  • http://srynas.blogspot.com/ Steve R.

    Good post. I have to observations concerning the video. One, it did not do a good job of linking deficit spending with inflation. Two, we need to view taxes as a cost-of-doing-business. Taxes are not just a black hole that fail to provide economic stimulus, they do. We need taxes to pay for certain fundamental infrastructure such as defense, roads, community infrastructure, etc. However, I will also acknowledge that taxes used for subsidies or transference of wealth should be eliminated.

    What has bothered me with many of those demanding that government spending be reduced never seem to actually disclose what government programs should be reduced and/or eliminated. I have a short write-up: Fiscal Responsiblity? Your Kidding.

  • kennediesmith

    Whenever I see Bush I get remember the incident of shoes when a journalist thrown shoes on him. It was quite socking but also little bit funny..
    Camping food

  • kennediesmith

    Whenever I see Bush I get remember the incident of shoes when a journalist thrown shoes on him. It was quite socking but also little bit funny..
    Camping food

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