Thursday, October 06, 2011

Herman 'No Pain' Cain

Now that Herman Cain has become the latest Great Neocon Hope, I took a quick look at his website. Like the GOP-controlled House, he is unable to come up with a single department, agency, or even program to cut. While he doesn't use the meaningless cliche "waste, fraud, and abuse," he alludes to it. That is, he wishes to assure the rank and file that he will cut spending but wishes to assure all those who receive federal spending that he actually will not. Cain proposes new taxes such as a national sales tax and a Fair Tax which he claims will be "revenue neutral." Accepting that dubious assumption leaves us with huge deficits which will of course mean that the Fed will need to finance the debt with inflation and continue the bubble/bust cycle. Yawn.

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