Debicella, Himes Talk Economic Recovery
Hi, ! 71 F TODAY View full size new Dan Debicella and Jim Himes both support continuing the Bush tax cuts.
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#1 Sep 30, 2010
Incumbents are even starting to struggle in New England, where Jim Himes was one of two incumbents recently downgraded from likely to leans Democratic by Larry Sabato. The problem with Himes record of punishing success so that he can subsidize failure is the unintended, if not unexpected, consequence of distorting the economy. If one ignores the costs and does not take into account incentives, then Himes ideas are not so terrible. However, costs and incentives matter and have played a role in the public policy outcome of the past two years. Voters are getting more of what we have subsidized (failure) and less of what we punished (success) and are left paying the costs. While it has been an expensive experiment, it is at least comforting to see the results confirm every one of the previous social experiments in government-run economies.
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