Apres Pelosi, le déluge
While Phil's on vacation, we're reprinting some of his most telling older pieces. In this post from January 28, 2009, he nailed a critical flaw in the current U.S. government's approach to socio-economic health, and did so in under 100 words.
Speaker of the House Nancy Pelosi has revived the Malthusian argument that people—specifically children—are a burden on the economy.
It's true that children are a financial burden: primarily on their parents, but even on society at large. But then a funny thing happens. The children grow up. They become productive citizens. They care for their aging parents. And—are you paying attention, Madam Speaker?—they pay taxes.
If I were spending trillions of dollars that I don't have, I'd want to be sure that someone was going to be around to pay the debts.
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