Something caught my eye today that was written to apply to the national scene, but applies at the state level, as well.
Over on Kos, bullpen blogger DHinMI has a bit on dueling economists and as part of it, we get a quote from Paul Krugman that includes this little bit of wisdom:
George W. Bush is like a man who tells you that he's bought you a fancy new TV set for Christmas, but neglects to tell you that he charged it to your credit card, and that while he was at it he also used the card to buy some stuff for himself. Eventually, the bill will come due — and it will be your problem, not his.
So this is kinda what do with the kicker...give the taxpayers some nice cash up front, only to have the next wave of bonded debt and fee and tax increase to result in a larger bill in the end.
No comments :
Post a Comment