Heavy Lifting - thoughts and web finds by an economist
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Thursday, January 13, 2005
Yesterday, Ted Kennedy gave a speech at the National Press Club outlining the future of the Democrat Party. What is it? Spend, spend, spend...
Streaming video here
The list of the ideas:
Brother Ted offers a bunch of other general spending programs, including child care, more spending on early education, more spending on high school education, civil unions, more radical income redistribution, etc. Does this all sound familiar? So the future of the Democrat party is not to change their old ways but to extend them. Instead of proposing the federal and state governments to collect and redistribute thirty percent of national GDP the Democrats haven't been ambitious enough and should seek to collect and redistribute fifty or sixty percent of GDP.
I am not sure this is the road to success for the Dems.
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