Statism Is the Problem (Jacob G. Hornberger)
Monday October 29th, 2012
If you want to understand why this nation is headed into deep trouble, all you have to do is read this editorial from the New York Times. It constitutes a perfect manifestation of the statist economic mindset that holds our nation in its grip and that is heading it toward more economic chaos.
The Times argues that the solution to the federal government’s out-of-control federal spending and borrowing is ... are you ready? ... more spending and borrowing! I kid you not. The Times is saying that the worst thing that U.S. officials could do is slash spending.
In fact, the Times is actually arguing that the same solution applies to Greece, whose government is bankrupt. According to the Times, the Greek government shouldn’t cut spending, it should increase it.
Don’t believe me? Here’s a direct quote from the editorial: “Deep government budget cuts at a time of economic weakness are counterproductive, complicated, if not ruining, the chances for economic growth.... If governments push ahead anyway with deep spending cuts, the result is only more economic weakness without the hoped for budget improvement.”