Have to spend money to make money

The Democratic party is apparently never going to learn that caving into the fearmongering narratives of the GOP is a loser's game. Take their sudden terror of deficit spending for an example. Paul Krugman points out the obvious.

Penny-pinching at a time like this isn’t just cruel; it endangers the nation’s future. And it doesn’t even do much to reduce our future debt burden, because stinting on spending now threatens the economic recovery, and with it the hope for rising revenues.

Meanwhile, the Dems are dithering over passing a budget resolution because they fear the red ink will scuttle their re-election chances. As if a tanking economy won't?

One might think that they could read the polls and see the public supports spending that creates jobs. They care more about jobs than the deficit. It may be too late to pass anything that will have enough effect by November, but the Democrats would do well to think in the long term. If they ignore the GOPers and pour money into the economy so it's moving again by 2012, it would help them and us. Instead they're cowering in fear of the GOP's false narratives. Pathetic.

[More posts daily at The Detroit News]