If Ezra Klein were any more stupid we’d have to elect him to public office
I mean, honestly. It’s like they’re not even trying any more. Klein, “Government is hurting the economy — by spending too little”.
Now, ordinarily, this is the place where you’d find an extended quote from the linked piece , followed by my rebuttal of whatever “progressive” argument it strains to make. But I’ve come to conclude that my time is just too precious to waste on these kinds of rhetorical trial balloons (incidentally, Jay Carney made a similar argument yesterday, before blaming the state of the economy on the GOP), so I’ll just say this: the baseline budget that keeps automatically renewing itself contains the “one-time” stimulus money that Obama was going to pour into “shovel-ready jobs” — and each year puts us into trillion dollar deficit spending territory. As a country, we are now literally printing money in order to keep spending it — and as a result, our credit rating has been downgraded, any new “revenues” from tax increases on the “rich” are already spent in a matter of days, and it is only the artificial control over interest rates that is keeping the whole thing from collapsing utterly.
Trustees have told us Social Security and Medicare will soon go bankrupt, leaving those who spent a lifetime paying into the system completely fleeced.
If we had any dignity left as a nation, we’d put people like Klein into stocks, strap a dunce cap to his head, and sell rotten tomatoes to toss at him.
That we give him a platform in a major national newspaper and proffer him as some intellectual wunderkind instead is, frankly, just embarrassing.