Monday, August 1, 2011

Jared Bernsein explains the failure of federal government

If too many Americans don’t believe in or understand what government does to help them, to offset recessions, to protect their security in retirement and in hard times, to maintain the infrastructure, to provide educational opportunities and health care decent enough to offset the disadvantages so many are born with…if those functions are unknown, underfunded, and/or carried out poorly, why should they care about how much this deal or the next one cuts? On the Economy
We see low multipliers.

Information theory, bozo. The public today, with its information technology, watches federal spending with an order of magnitude better vision then ever before. Ever political trade, every vote of every elected official is collected, catergorized and made available on the internet.

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