Monday, November 02, 2009

Buy Now, Pay Later 

It is instructive to watch a government official trying to avoid a reality by not answering a question. Here is a case. It would be poor "spin" for the Treasury Secretary to admit to the truth that taxes will have to rise to bring down the deficit, so he avoids answering. What happens, of course, is that it is worse public relations. The public knows that high deficits cannot continue forever into the future. Why not tell them the facts? Well, for one thing, it is just before elections, and the administration doesn't want to upset voters, not yet anyway. I'm not picking on the Obama administration. Every administration in my experience has shaded reality when it is in its benefit to do so. It's a wonder that citizens stand for it, but they do, perhaps because most are not paying attention.


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