Heard any good jokes lately? This headline was making the Internet rounds yesterday:
"Sen. Conrad: Extend All Tax Cuts; Time to Get 'Serious' About Deficit."
It's easy to see the humor in that. It's almost like saying you're serious about saving money but don't want to put any more pennies into the piggy bank. But here's what isn't so funny: Most reporters and politicians agree that Kent Conrad is "serious."
So-called "deficit hawks" like Conrad, Erskine Bowles, and Alan Simpson aren't just unserious. They're radicals. Their positions are an extreme departure from the philosophy of government that's guided American policy for a century. They're promoting an upward redistribution of wealth that would change the shape of our society forever. They're want to weaken a social contract that's existed since the Presidency of Franklin D. Roosevelt and dismantle the economic principles we've had since Teddy Roosevelt. more »
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