Wednesday, July 18, 2012

The Republicans’ Most Hypocritical Economic Argument

Needless to say, on the theory that the Republicans are advancing, the federal budget can never be cut. The U.S. Conference of Mayors will be able to say that cuts in social spending will devastate the economy of our cities with at least as much justice as defense-heavy areas can complain about cuts to the military. Rural areas can say the same thing about farm subsidies.

Reductions in federal spending, whether for defense or social programs, will, of course, be disruptive to the people, businesses and communities who have come to rely on it. The cuts should not, however, hurt the broader economy. When federal spending falls and jobs tied to that spending disappear, private-sector spending should normally increase and create jobs tied to it.

Most modern Republicans are not "conservative" in any meaningful sense. They certainly aren't fiscal conservatives and they are in no way strict constructionists when it comes to the Constitution. Unfortunately, democrats are not the solution either. -

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