perfidy

The reckless tax cuts of Kennedy and Reagan certainly shifted enormous burdens to us, the next generation. No, wait, what they did was allow the economy to grow faster, so that we could afford to pay for all the reckless services instituted by Johnson, Carter and others. What would be a burden for our children would be to create more programs that blow through taxpayer money like something that blows through money really, really fast. Because with rare exceptions, those programs never go away, even if it turns out that they weren't that great an idea in the first place. Like farm subsidies. Lowering taxes is the only way to prevent the government from hoovering up the whole economy. I think a better legacy for our children (because everything must be for the childen) would be to leave them a world where they could have a job and keep more than half the money they earn from it.

Ps, I think Krugman's slogan is a great idea. We should use it.