Um. Isn't balancing taxes and spending exactly what is meant by fiscal responsibility? Yes, but you said that Biden was ignoring inflation when doing that just a paragraph before. But you don't...
Now President Joe Biden eschews any rhetoric about fiscal responsibility and simply proposes new taxes in order to finance new spending. Even though interest rates remain relatively low, inflation will bring an end to this kind of free-lunch policymaking.
Um. Isn't balancing taxes and spending exactly what is meant by fiscal responsibility?
By the same token, new spending on social benefits that puts cash in pockets will be inflationary unless it’s taxed away from somewhere else.
Yes, but you said that Biden was ignoring inflation when doing that just a paragraph before.
Deficit spending and protectionist regulations can no longer be justified as stimulus — and it’s not practical to fund programs by taxing the wealth or unrealized capital gains of billionaires.
But you don't say why.
By Matthew Yglesias
Oh, yeah. That explains it.
This is a puff piece, and it doesn't have a coherent thesis. It implies "spending bad, tax also bad" while having nothing to back any of that up. But that's on par for Matt's brand of libertarianism.
I was always under the impression that Yglesias was like a liberal. A shitlib, mind you, but still surprised to realize that that's not the case. Didn't he co-found Vox which is a primarily...
I was always under the impression that Yglesias was like a liberal. A shitlib, mind you, but still surprised to realize that that's not the case. Didn't he co-found Vox which is a primarily liberal site?
Um. Isn't balancing taxes and spending exactly what is meant by fiscal responsibility?
Yes, but you said that Biden was ignoring inflation when doing that just a paragraph before.
But you don't say why.
Oh, yeah. That explains it.
This is a puff piece, and it doesn't have a coherent thesis. It implies "spending bad, tax also bad" while having nothing to back any of that up. But that's on par for Matt's brand of libertarianism.
I was always under the impression that Yglesias was like a liberal. A shitlib, mind you, but still surprised to realize that that's not the case. Didn't he co-found Vox which is a primarily liberal site?
I guess since I've stopped being "extremely online" I didn't get to witness his transition.