June 29, 2010

VICTOR DAVIS HANSON: Where Did The Tea Party Anger Come From? “In short, sometime in the last ten years public employees were directly identified with most of what is now unsustainable in the U.S. The old idea that a public servant gave up a competitive salary for job security was redefined as hitting the jackpot. . . . Emblematic of the anger at both top and bottom was the 2008 meltdown: those who had not played by the rules still got their mortgages, then defaulted, and left the taxpayer with their bills; those who made the loans and profited without risk, took the bailout money, and left us with the cleanup. Those in between with underwater mortgages and higher taxes pay the tab.”