Tag: Tea Party

Benefits of Tea

1. Stopping earmarks.  Although always said that it is small potatoes compared to the deficit, it is not small potatoes to corruption. 2. Against Fed QE2.  Although their reasoning has not always been clear, I agree that QE2 is a risky way to affect interest rates and the economy. Since Ben Bernanke thinks that the…

Cost of Tea II

The Tea Party logic that we go from a high government cost to a low government cost overlooks the transition costs.  All the social contract based on the current government structure will be affected.  That contract includes current government employment, level playing field for investors, retirement plans based on social security and medicare, education, energy…