February 17, 2011
Here Comes the Rain

I've long believed the acid test of this Congress will be when the DC media start realizing budget cuts mean their friends are going to get pink slips, and said DC media decides to do something about that. Well, here they come. We have to punch back, twice as hard. Roll spending back to 2008 levels. That's barely three years ago, and will do substantial good toward reducing the deficit.

And no, I'm not suddenly transformed into a deficit hawk. I've long believed economic growth makes deficits irrelevant. Unfortunately two years ago obnoxious teenagers got the keys to the car and rammed it into a tree. The car won't run until it gets fixed.

Living where I do, I actually have a bunch of friends who could be adversely affected by this. Heck I may end up being adversely affected by this. The unfortunate fact is these cuts must happen, if nothing else to prove the American people are still able to control their rulers. If we don't, if the media and the elite and the left get their way and ignore us, the international bond markets will impose the required discipline, and will do so with great vengeance and furious anger. That sort of spanking will affect a whole lot more than just me and my circle of friends.

Via Instapundit.

Posted by scott at February 17, 2011 11:17 AM

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