Saturday, January 03, 2009

Maybe this is how we kill off Keynes

John Maynard Keynes is the early 20th century economist whose philosophy has culminated in Bush-Obama super-sized stimulus plans. Keynes famously deflected long-term concerns about his borrow now, pay later economics by saying "In the long run, we're all dead."

Keynes died in 1946. With any luck, remembering the following will lead to the death of his goofy, spendthrift fiscal policies. Seriously, does anyone really believe that the bailout of cities and states will stay under $775 billion? And if you really believe we will jumpstart the economy by "creating" 3 million government union scale jobs with even more borrowed money, I'm willing to sell you my share of the bridge spanning the Kentucky Ocean. Cheap.

Obama has the votes to do this. Knock yourself out, guys. We'll be waiting and keeping score.