The Washington Post Continues Its Campaign For Contractionary Fiscal Policy

This article explains why fiscal austerity should not be the focus to the Washington Post which is in love with cutting government spending while consumers and business are also cutting spending. This is a contractionary policy during a period of high unemployment. The Washington Post has little concern about high unemployment. The market for lobbyists in Washington is doing very well.

We are also told by the Post unless the Supercommittee, which is charged with cutting budget deficits, does its job, consumers will not have enough confidence to continue spending the dollars that they don't have. Apparently, consumer spending is dependent upon cuts in Social Security and Medicare.

We live in a bizzaro world. Democracy depends upon a well informed public which receives most of its information from media like the Washington Post. Its no wonder that leaders are afraid to lead the public. The public is full of misinformation. The media, like Fox News, claims that it is fair and balanced. This means that misinformation designed for the Tea Party crowd should receive equal treatment with the purportedly liberal media like the Washington Post. Somehow that scale does not balance.