14. Bob:
Can anyone doubt that sucking trillions of dollars of spending, both from taxes and borrowing, from the private sector to be spent by Congress isn’t delaying our economic recovery?
You assume that the people behind this giant sucking understand that the private sector is more efficient in allocating capital than the public sector. They don’t. They’d rather see “central planning” than let the hundreds of thousands of private businesses that exist in the US do their own planning and spending.
I read a comment on another site that the problem with the Republican version of a tax-cut led stimulus was that it showed “the GOP has no plan”. No, it shows that the GOP doesn’t have the hubris to think it can out-plan millions of individuals. The other complaint about tax cuts was that “they’ll just go to paying down debt”. Again, as if individuals cannot figure out if their best option for their cash is to pay down interest-bearing debt or increase consumption.
With all that human beings know about “central planning”, these people either have to be the least historically-informed or the stupidest individuals to ever collectively walk the face of the earth.
I will “plan” my own f*cking self, thank you very much.
