Last week NYT columnist and economist Paul Krugman wrote a very popular column pointing to Texas' revenue shortfall and declaring it an example of the failure of conservative government. I found the whole piece a muddled mess and dismissed it, but you can't believe the notes I've gotten from people requesting a response.
The thing is, I don't really get his point. The bad national economy was going to cut state revenues no matter what. Is he saying we'd be better off if we had a fat government with easy cuts, instead of a lean government with tough cuts? How much sense does that make?"
Thursday, January 13, 2011
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