John Stossel: Welcome to shutdown theater
Republicans and Democrats both assume that shutting some government is a terrible thing. The press concurs. "Shutdown threatens fragile economy," warns Politico. "Federal workers turn to prayer," laments The Washington Post.
They'd rather have us worry about how America will cope.
It's similar to the fake "austerity measures" in other countries. We're told that Europe's slow economic growth is a result of "austerity" embraced by European governments.
But there hasn't really been any austerity. England, where a "conservative" government is in charge, increased government spending by 4 percent.
In the U.S., Rep. Nancy Pelosi, D-Cal., told CNN the federal government has cut so much spending that there's just nothing left to cut: "The cupboard is bare! There's no more cuts to make!"
Maybe the ugliest part of this story is that the city that whines most about suffering through the shutdown, Washington, D.C., is now the richest geographic area in America. Washington got richer while the rest of America didn't. Over the past 12 years, median income in the U.S. dropped about 6.5 percent — but not in D.C.! There, it rose 23 percent. Four of the five richest counties now surround Washington, D.C.
John Stossel is host of "Stossel" on the Fox Business Network, and the author of "No They Can't! Why Government Fails, but Individuals Succeed."
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