Sunday, January 20, 2008

Economics and Other Things Pulled From My Ass

For Clinton, Government as Economic Prod - David Leonhardt @ NY Times

I'm going to show some of my less liberal and more libertarian tendencies here by: a) calling Sen. Clinton a dolt; and b) saying that the role of the federal government in the national economy is one of referee, not babysitter. I do admit there are times when the federal government must act more vigorously but those time are rare and rarely does government intervention actually achieve positive results in a meaningful time period. It's the government's charge to keep the economic playing field fair, either through regulation or strict and swift punishment, but beyond taxing the people only enough to sustain the projects and institutions of the federal government, they need to keep their camel nose out. If it is truly the wish of the current administration and Congress to provide a relief package to American citizens then it needs to come in the form of serious tax relief and a reworking of payroll taxes (including excising the cap on Social Security taxes) so that working Americans will have a larger paycheck every month and not just one time.

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