Once upon a time, in a land between the seas called ‘Merika, the evil multi-headed monster known as ‘Publican crawled from beneath the rocks where he had been hiding for two years and announced that he had a new plan, one that he called a “Pledge to ‘Merika!” ‘Publican was sure that the people of ‘Merika had forgotten his last plan, one that had led the people of ‘Merika to the brink of destruction.
During the last reign of ‘Puplican, the people were led into financial ruin unlike any that had been seen in nearly eighties years, since ‘Publican’s grandfather had stood silently as the country plunged into the Great Depression. Now, ‘Publican has a new plan to sell to the fine people of ‘Merika. Unfortunately, most of the people have short memories and have chosen to believe that everything was just wonderful during the last reign.
The final chapter of this new fairy tale has yet to be written, but the ending is easily predicted. the tale is the same old tale – tax cuts accompanied by promises of cuts in spending that never seem to come.
So far, the multi-headed monster has come up with spending cuts of $100 billion per year, for a total of $1 trillion over the next decade. To go with that, they have tax cuts totaling $4 trillion for a net addition of $3 trillion to the national debt.
Does that sound like the same old fairy tale?
No one is quite dumb enough to believe all of the promises made by politicians during a campaign. Well, most of us are not that dumb, but this new fairy tale goes far beyond the usual campaign rhetoric. For one, it is based on falsehoods. Note:
“It declares that “the only parts of the economy expanding are government and our national debt.” Not true. So far this year government employment has declined slightly, while private sector employment has increased by 763,000 jobs.”
Well, people of ‘Merika we have a new fairy tale – a new/old tale sold to you by the same monster, ‘Publican, that brought you the heartache of past.
Where is the Big Billy Goat Gruff when you need him?
William Stephenson Clark