CRASH: The Old, Old Collectivist Excuse, Again...

UPDATE: Collectivists Added To List Calling For MORE PORK!

Joe "Plugs" Biden…the other new sheriff…has been handed (through his campaign) a hefty fine for crappy financial reporting and other violations, and went on a new round of blame-gaming to try and depict the GOP as the culprits in the failure of the Porkulus to stimulate anything but corruption.
 

And, as if on cue…we have this…a call for MORE pork…

When you lede a story with “Top Economists” and then include Little Bobby Reich in the list, you are in belly-larf country.

But isn’t this the well-worn formula of the Collective, when faced with another example of  the failure of their entire philosophy?

“We didn’t spend enough.  We weren’t committed enough.  Those evil Republicans crippled our effort.  We never really gave this a chance.  WE HAVE TO SPEND MORE”.

Geebus, how many times have I heard that in my life now?  How many more times will we have to hear this stupidity?  And how wreaked does our economy need to be before people wake up?

BURN: Deemocrats LATEST Pay-Gone Plan

Deemocrats are planning a big CRISIS spending binge...again...prior to the Memorial Day recess.  As always, they completely ignore even fundamental economic reality...and the law.  The same old "chicken little dance".

One big feature of the Deemocrat plan is ANOTHER extension of unemployment benefits.  This is in line with the perversion of Keynesian theory that offers a miraculous boost in the economy for every dollar spent by gubmint.  Of course, this is facially stupid; if we bought that concept, we should be spending out the wazoo even in boom times, and that would assure economic growth at 1.5 times wazoo.  Silly, yes?

But economics 101 assures us...and this works every time it is tried...that if you subsidize any damn thing, you will get damn thing surpluses.  That includes UNEMPLOYMENT.

Naturally, when you read about "spending" plans from the MSM types, they include deferring the elimination of tax cuts...also known as TAX INCREASES...as gubmint "spending".  See, the MSM agrees with the political elite that our money "belongathem", as they say in Australia.  So, when we get to keep it, it is a "cost" to government.

They thereby IGNORE another basic economic truth: when you leave people with their own money, you get growth in the economy, because they spend it or save it rationally.  That translates into innovation, business creation and development, consumer spending, etc.  That, in turn, results in MORE...NOT LESS...revenue to government than does increasing the tax rate.  (See Laffer Curve)

But Deemocrats passed into law "Pay-go" with much flourish and fanfare.  It is the LAW.  Naturally, they are choosing to ignore the law.  It really should have been called "Pay-GONE".