Tuesday, November 18, 2008

Austerity

All kinds of nasty budget cuts going on around the country. Some of these might be strictly necessary, absent federal help, as state and local governments have limited borrowing capabilities. Still, on top of that, there's a strain of "belt tightening is good for us" which runs through elite punditry, as if misery in bad times is just a little bit good for us.

To them I say: suck on this.