Usually it is my belief that when Republicans and Democrats are actually able to hammer out an agreement it must be a good thing. In this case I have once again been proven wrong. For all of the fight about the deficit during the election season what is the first thing that is done when they get back to business? Add to the deficit by extending tax cuts without offsetting spending cuts. I think there is a fundamental disconnect between the what government is intended to do and what government is expected to do. Create jobs, stimulate the economy, at what point did these become the pervue of the government. Do we want the government steering the ship of our economy, the same government that can’t even balance its own budget. The fundamental problem here is that we the people hold politicians accountable not for how they run the government and who they help but also how the economy is performing. Do they have some role in that. Absolutely, it would be naive not to think so. The government should provide regulation for a level playing field, a safety net for those out of work or for those who can’t care for themselves. Why does it have to be stimulating the economy. Has anyone even checked to find out if this whole Keynesian economics thing even works or is this another case of what G.W. Bush called “voodoo economics” . Well, I know the answer. The answer is that Keynesian economics is supposed to be employed such that in an economic downturn the government is supposed to overspend to stimulate the economy. Then in strong times the government is supposed to cut spending and build up a surplus to be used for the next cycle. Just like everything else we only consider one side of the equation.
Tax Deal
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