Deep Budget Cuts Hurt Most Vulnerable
This is the hole card of the statists. And who could deny it after all, once you make entire classes of folk dependent upon political largesse, their fates are certainly impacted by 'cuts.' This is, however, a truth of no consequence. The most vulnerable are damaged by almost all unpredictable events, as they have fewer means to adapt. They are hurt by overbearing regulations that make it hard to hire unskilled, less capable folks. They are hurt by all manner of government interventions - the artificial currency fluctuations, the uncertainties in operations that reduce the capitalists' inclination to take risks, etc etc etc. In other words, this "budget cuts hurt the most vulnerable' is another proof of the broken window fallacy and its primary lesson - that economists, or any truth seeker, must consider not only what is seen (eductions in the rate of increases in federal spending, what is know in the political vernacular as a "cut") but what is unseen: poverty caused by offenses to liberty via overbearing government being the first and largest sinner.
This is the hole card of the statists. And who could deny it after all, once you make entire classes of folk dependent upon political largesse, their fates are certainly impacted by 'cuts.' This is, however, a truth of no consequence. The most vulnerable are damaged by almost all unpredictable events, as they have fewer means to adapt. They are hurt by overbearing regulations that make it hard to hire unskilled, less capable folks. They are hurt by all manner of government interventions - the artificial currency fluctuations, the uncertainties in operations that reduce the capitalists' inclination to take risks, etc etc etc. In other words, this "budget cuts hurt the most vulnerable' is another proof of the broken window fallacy and its primary lesson - that economists, or any truth seeker, must consider not only what is seen (eductions in the rate of increases in federal spending, what is know in the political vernacular as a "cut") but what is unseen: poverty caused by offenses to liberty via overbearing government being the first and largest sinner.
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