My progressive friends have
fallen for Paul Krugman – the Keynesian socialist – who maintains two
outrageous positions:
1. The best way to
achieve the progressive agenda is to have government spend the nation into fiscal
catastrophe. At that point Americans
will surely adopt the solutions chosen in Europe – or perhaps even Venezuela.
2.
Deficits do not
matter. We are the world currency; we can print money forever; these conditions will always prevail. Ya know, like housing prices will never
decline.
That otherwise intelligent
people listen to this crap is exactly the same condition as my many friends who
find Rush Limbaugh, Sean Hannity and Glen Beck credible.
We’re not Greece my lefty
friends tell me. OK, but how did Greece
become Greece?
Now if you haven’t paid
attention to the latest Euro blowup in Cyprus, you should.
Cyprus
Bailout Incites Turmoil as Blame Flies
By
James Kanter, Nicholas Kulish and Andrew Higgins
NYT:
March 18, 2013
http://www.nytimes.com/2013/03/19/business/global/cyprus-bailout-incites-turmoil-as-blame-flies.html
In case you don’t read the
column, Cyprus is bankrupt and the EU has decided – practically overnight –
that the solution is to “tax” the savings account of every bank depositor in
the nation. If the Cyprus government
refuses, then Brussels won’t bailout the country and real chaos will ensue – yes,
savers could lose everything in a national default.
·
How did Cyrus get
to this point where the debt is too big to service? [Please.
Spare me the drivel. Cyrus spent
more than it earned; a lot more; and over an extended period of time.]
·
Who is expected
to pay down the debt; in this case; in every case; in every nation? The answer is always the working middle
class.
·
Can government
suddenly seize part of your savings in accounts guaranteed safe by the
government? Not in America, right? If the alternative is chaos, you better
believe it.
·
Is it people with
savings accounts that caused the problem?
·
What will be the
result of closing the Cyprian banks and proposing this “solution”? Capital will flee. Collapse will be more certain. Recovery that much more distant.
·
Who thought of
this awful thing? It was European “capitalists”
and the IMF. But it can’t happen here.
So, back to Paul Krugman and
the foolish folks who buy the argument that America is exempt from Economics
101. Did you notice the contradiction in
the Krugman rules? America will never go
bankrupt he says. But his plan is to
plunge the nation in crisis so that we’ll finally “do the right things”. Hmmm …
Personally, I think most
progressives are just dumb. They’re like
the Michele Bachman and Ron Paul fans, they mean no harm, they’re just dumb – they
drank their team’s kool-aid. Krugman
however is a smart pinko-commie with an agenda and a growing following of people
who should know better. I realize that
Republicans make it easy for this fringe looney to look sensible by comparison. But never forget that these people will not
only squander all the golden eggs, they’ll happily eat the golden goose as well.
Want more? Look at Brook’s evaluation of the budget
produced by the Congressional Progressive Caucus last week.
The
Progressive Shift
By David
Brooks
NYT: March 18, 2013
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