Saturday, March 05, 2011

Beltway blather about public debt

David "Bobo" Brooks and Sleepy Mark Shields hold forth here about the alleged horrors of public debt, with the unstated implications that people other than billionaires and star TV pundits will have to suffer in order to right this scary, scary debt problem. The liberal Sleepy Mark reflects of the great foresight of, uh, Ross Perot on debt:



Bobo thinks we should go to war in Libya. He doesn't mention any concerns about boosting the debt in connection with yet another neocon war wetdream. Sleepy Mark manages to state fairly coherently why that would be a seriously-to-disastrously bad idea. Bobo and his neocon friends never tire of advocating wars for other people for other people to kill and die in. Bobo is here spinning a boys-with-toys fantasy and making a quick-and-easy strike in Libya, which in neocon fantasy-world would then magically create democracy.

But this bipartisan consensus among the punditocracy and even, sad to say, in Congress and the White House that it's a dandy idea to slash domestic public outlays in the early stages of a fragile and slow-moving recovery is just remarkable for its disconnect with the practical needs of the moment.

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