Wednesday, July 6, 2011

The Republican Party May No Longer Be a Normal Party

And that should be a good thing, except that David Brooks is arguing that the GOP is missing an historic opportunity to balance the budget, if only it would compromise on closing tax loopholes, etc., and so forth. At New York Times, "The Mother of All No-Brainers":
A normal Republican Party would seize the opportunity to put a long-term limit on the growth of government. It would seize the opportunity to put the country on a sound fiscal footing. It would seize the opportunity to do these things without putting any real crimp in economic growth.

The party is not being asked to raise marginal tax rates in a way that might pervert incentives. On the contrary, Republicans are merely being asked to close loopholes and eliminate tax expenditures that are themselves distortionary.

This, as I say, is the mother of all no-brainers.

But we can have no confidence that the Republicans will seize this opportunity. That’s because the Republican Party may no longer be a normal party. Over the past few years, it has been infected by a faction that is more of a psychological protest than a practical, governing alternative.

The members of this movement do not accept the logic of compromise, no matter how sweet the terms. If you ask them to raise taxes by an inch in order to cut government by a foot, they will say no. If you ask them to raise taxes by an inch to cut government by a yard, they will still say no.

The members of this movement do not accept the legitimacy of scholars and intellectual authorities. A thousand impartial experts may tell them that a default on the debt would have calamitous effects, far worse than raising tax revenues a bit. But the members of this movement refuse to believe it.

The members of this movement have no sense of moral decency. A nation makes a sacred pledge to pay the money back when it borrows money. But the members of this movement talk blandly of default and are willing to stain their nation’s honor.
David Brooks is a the left's token big government conservative, and there's some icing on the cake there, as he's operating from the hallowed perches of the New York Times. What's interesting is how this story remained on top at Memeorandum all day yesterday, with progressives weighing in on Brooks' righteousness, and even Megan McArdle agreeing with the notion of some kind of crazed GOP party cult. I can't speak on the budget negotiations, because I'm not in the least convinced that anything the administration and Congress do will make the slightest difference regarding the long term fiscal balance sheet (think entitlement reform). What we need is growth. With a growing economy and a robust job sector we'll begin to pay down the debt as long as nothing else screws things up, like a lousy momentary policy (and Democrat housing policy). Anyway, I'll try to read up a bit anyway, and update with something more knowledgeable. Here I'm mostly ranting at how David Brooks once again shows his true colors as the favorite RINO of the moment.

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