LIKE TWO PARENTS TELLING A CHILD TWO DIFFERENT THINGS: Voters Dislike GOP Plan to Change Medicare, Medicaid - Washington Wire - WSJ
Most voters are like little children. If one parent says they can do something (or have something - i.e. in this case a Medicare program that is unaffordable and only appears to work), they don't want to listen to the other parent who says the kids can't have something.
As for understanding economics, anyone with a union mentality always believes they are entitled to more and, as shown with the UAW and GM, they expect the government to have all other taxpayers pay for their bankrupting of an industry and the destruction of investors' capital.
It's just like the discussion in the other part of the paper about the 'tax holiday'. Some Americans are deluded enough to believe the US will actually eventually get to 'tax' those overseas profits. They never start to ask themselves whether the businesses aren't being forced to invest in jobs outside of the US.
It's a shame more people don't think about economics on a grander scale as they do about their own family spending. If they did, they'd better realize that bargains and discounts work to move merchandise (i.e. create jobs) and overpriced products just sit on the shelf (i.e. unemployment).
Thursday, May 12, 2011
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