Jul 05 2011
It took this nation decades to run our economy aground by following left-wing fantasies about government trickle down economics, all underpinned by bureaucrat and politician superior motives and skills. Seems so laughable now that we face generations of massive debt, along with the fact everything government tries to ‘fix’ is screwed up (outside the national defense and exploring new science and frontiers – though there are problems here as well).
The one size, one fix, one last (or one more) massive and incomprehensible bill solution is never going to work. All these behemoths do is play cover for political and partisan chicanery.
So I am heartened to see the GOP taking my advice and using the debt ceiling debates to garner numerous concessions from Democrats in small steps:
Bloomberg, Republicans Might Accept ‘Mini’ Deal on Debt Ceiling, Senate’s Cornyn Says: Sen. John Cornyn, R-Texas, told Fox News Sunday that Republicans may accept a short-term debt limit deal that only covers policy changes through the conclusion of the 2012 election: “We’ll take the savings we can get now, and we will re-litigate this as we get closer to the election,” Cornyn said.
As I said back in April, I would actually negotiate the debt ceiling every 3-6 months, taking a little more out of the bureaucracy each turn. Yes, it is would be a challenging and risky PR campaign, but I think America would embrace the debate and respect the effort.
But no matter what, these debt talks should not include long term horse trading. Either get massive cuts in the bloated bureaucracy long term or keep it all short term. We need to get out of the habit of trading bureaucratic reach in one area for cuts in another.
This will NEVER result in a smaller, leaner, more productive federal government.