Sunday, June 6, 2010

23 Billion Bailout...From Paris

George Will, in his usual brilliant WashPost Sunday morning moment, brought attention to the latest 'bailout'. Teachers.

Education Secretary Duncan has asked for a little teeny tiny teacher bailout (23billion) so that we can avoid "catastrophe".

Ah. Catastrophe. A word of urgency over used so frequently now, it's impact has been completely diluted.

George summed it all up:"We are witnessing the familiar government dance, the Prosperity-to-hysteria two step. When revenue grows, governments put in place permanent spending streams; when revenue falls, governments exclaim that any retrenchment even back to spending levels of a few years ago, is a "catastrophe."

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