Friday Nights Linksorama
The Economist points out that Obama is being disingenuous in promising that he won’t raise taxes on the rest of us. He’s going to have to at some point. And if we’re getting universal healthcare and other goodies, I think it behooves us middle class slobs to pay at least part of our own way, no?
Here’s the thing about the people clamoring for more regulation of financial markets. Whistleblowers were warning us about the crooks; the SEC wouldn’t listen. Let’s try enforcing the laws we have before we pass a raft of ill-advised ones.
This is a perfect illustration of how stupid the GOP has gotten. They’re delaying Austin Goolsbee’s appointment because the Democrats delayed one of Bush’s. Goolsbee is a relentless free market advocate. The President needs to be hearing his voice. As Sullivan says: the Republicans always put the country last.
McArdle hits a point that’s been on my mind lately. Even if your debt should not have been incurred, you still have a moral obligation to pay it off. If we ever lose that, our civilization is doomed. Moral obligation is a critical cog to keeping this human machine running.