How then do our leaders respond? With "austerity" measures that barely cut any spending and add trillions to the debt. Others assert that the shortfalls are simply the consequence of the recession. Ergo, we should spend our way out of the recession. Consider it borrowing our way out of debt. But the biggest problem is not the political class's innumeracy. It's their lack of restraint. Presented with a problem, they are seized with the uncontrollable urge to "Do Something," without knowing how that something will be paid for, whether it will work, or what the consequences will be.Is Denzel Washington the only one who can stop train wrecks?
"Too Big to Fail." By W. James Antle, The American Spectator, 3/15/11.
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