The Democrats Plan To Piss Your Tax Dollars Away

All this talk by Democrats about 'infrastructure' spending and, along with it, 'green jobs,' is nonsensical.

You'd laugh, if you didn't want to cry, instead, at the hundreds of billions of taxpayer dollars about to be wasted by our New New Deal.

One of the basic lessons of even Keynesian economics one learns in the introductory macroeconomics course in college is that government fiscal policy rarely, if ever, counteracts a recession. Instead, it typically stokes inflation as, just when the natural cycle of the economy moves into expansion, all of the government-induced use of resources for infrastructure projects hit home, causing cost-push inflation.

I wrote here recently about how current evidence clearly shows the FDR New Deal programs to have failed at providing long term, meaningful jobs, or economic expansion, in the 1930s.

So, whether it's long term economic change, recessionary offset spending, or honest replacement of bridges and roads- the last, by the way, already the subject of large, recent years' outlays by Congress- this coming orgy of Obamanomics won't help the current natural economic recessionary cycle end any sooner.

But it will add to the deficit which, only a year ago, was the primary tool with which Democrats fought against Republican-sponsored tax cuts.

Oh, well. I guess fiscal responsibility was only desirable for Democrats when it kept Republicans from cutting taxes. Now that fiscal rectitude might impair the Democrats' newly-elected Messiah's plans to single-handledly save the Western economies, it'll have to go.