Academic

KEVIN WILLIAMSON: Listen To The CBO, Learn From The Greeks. ?When you let the public sector get th?

By Glenn Reynolds

KEVIN WILLIAMSON: Listen To The CBO, Learn From The Greeks. “When you let the public sector get that big ? so big it dominates the economy ? then it is nearly impossible to cut back public-sector spending without creating an economic crisis. Our stimulus programs are geared, in no small part, toward achieving permanent expansions of the public sector. Which is to say, we?re stimulating ourselves into a Greek corner. Best to reverse course now before we?re locked in good and tight.”

Plus this: “The amount of debt that the entity known as ORP (Obama, Reid, Pelosi) will pile upon American taxpayers in the year 2010 exceeds the GDP of any country on that list. Which is to say, the GDP of any country in the world except: China, Japan, Britain, Germany, France, Italy, Spain, Brazil, or Canada.”

Full post as published by Instapundit.com on August 20, 2010 (boomark / email).