Tuesday, June 5, 2012
A Letter To The Philadelphia Inquirer
First, it is simplistic to expect government to "live within its means." The federal budget is not like your grandmother's kitchen budget. When she spent on butter, the money stayed spent. When the federal government spends money much of it comes back as payroll and income taxes and increased consumer spending by recipients.
Second, solving problems on the state level often leads to a "race to the bottom." For example, Ed Rendell famously growled that Pennsylvania simply had to go into the gambling business because surrounding states were doing it. The same problem happens with states raising their minimum wage. Only the federal government can solve those problems.
The November election is an opportunity to do some deep thinking and vote sensibly.
Posted by Walter Ebmeyer at 6:40 AM