Calm Yourself. All Is Well
From Bloomberg comes the irrepressible Ezra Klein. The headline (no joke, it’s word-for-word): Don’t Worry About Deficit That Will Heal Itself.
I’m not particularly worried about the budget deficit. In fact, of all the major problems the U.S. faces, I’m least worried about the deficit.
…I’m confident that we will, one way or another, muddle through. Because when it comes to the deficit, Congress really has two choices: Do something to solve it, or do nothing and let that solve it. The same can’t be said for issues such as infrastructure and loose nukes and climate change and preparing for pandemic flu. On those questions, congressional inaction isn’t enough to make the problem disappear. So those are the issues I worry about.
The middle is no less idiotic. It’s sad.
Klein’s work became known to me for delivering some of the most simplistic pap there is—and he makes up for the weak writing and analysis by pushing a huge volume of his product. I have no idea why he’s as ubiquitous as he is, as his positions almost never offer insight or possess explanatory power.
He actually makes the satirist’s job difficult: his work is self-satirizing at its creation.