Friday, April 15, 2011

Drive-by economic policy soundbite du jour

"The spending spree is over," Ryan said. "We cannot keep spending money we don't have."

The fact is that we can keep spending money we don't have, if we spend it on the right things and take back the money we gave to bankers in exchange for their gambling IOUs. What Ryan is really saying is "we're done wasting your money, and now we're going to start killing you in the name of fiscal responsibility."