Incorrigible Keynesians | Richard W. Rahn | Cato Institute: Commentary

Incorrigible Keynesians | Richard W. Rahn | Cato Institute: Commentary: "IImagine that you have a serious drinking problem, which has caused your job performance to decline. If your doctor said to you, "Don't stop drinking now, because going sober may cause you discomfort and may not immediately improve your job performance" — while failing to tell you that if you keep drinking, you will become totally dysfunctional and may die — what would you think of your doctor?

The U.S. government has a serious overspending problem. If the spending and the resulting deficits are not soon stopped, the U.S. economy will become dysfunctional, and our prosperity and freedoms will disappear. Despite the overwhelming evidence that the government is headed for a debt crisis, there are still a few economists who are saying: 'Spend more.'"