We've bailed out Wall Street. We've bailed out the auto industry. Now, there's talk of bailing out out the schools, so they don't have to lay off so many teachers, and talk of bailing out union pension plans. and even talk of bailing out the entire city of Detroit. The BP president was on the Today Show this morning, and he looked like he hadn't slept in three week. I'm guessing that we're going to be dumping a ton of money to clean up that mess sometime soon.
We're about to enter into a new era where government does more than ever, but the money is going to prevent major disasters. Ain't nobody going to be happy. Progressives like myself don't mind paying more money in taxes, if the money goes to programs that we like, ie subsidized child care, job training, schools. Libertarians want less taxes and less programs. We're entering a weird era of more taxes and less programs.
This is most obvious at the local level, because state and localities aren't allowed to build up a deficit. State governments have passed to buck down to the towns. Here in my town, we're seeing a sharp rise in taxes, AND my kid's class size is moving from 22 kids to 31 kids.
It's Bailout Nation.