Tuesday, March 26, 2013

If Deficits Don't Matter, Why Do We Have To Pay Taxes?

In a perfect world every time a Krugman or a Reich told us deficits did not matter, a member of the news media would follow up with the question that begs with a shiny silver cup, "If deficits don't matter, why do we have to pay taxes? Why do we need an IRS? Why does the IRS hound people with offshore bank accounts? If deficits don't matter, why bother with any revenue at all?"

But we don't live in a perfect world and the corrupt news media all-stars are paid six, seven and even eight figures to refrain from asking the questions that beg to be asked. But it would be nice if someone asked such questions, wouldn't it?

 I can dream, can't I?