It’s really important that we establish an unwritten austerity constitution: a set of practices that will help us cut effectively now and in the future. The foundation of this unwritten constitution has to be this principle: make everybody hurt. The cuts have to be spread more or less equitably among as many groups as possible.
The process has to be balanced. It has to make everybody hurt.
New York State and New York City are also having fiscal problems so I'd like to know EXACTLY what Mr. Brooks thinks is the appropriate level of pain for him and others like him.
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2 comments:
Check Dean Baker's Beat the Press
cepr.net blog for a takedown of Brooks today.
Thanx Ken
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