Wouldn’t you just love to see how NYT columnist Paul Krugman handles his own financial affairs? If it’s anything like what he champions in his columns he’s got to be bankrupt. What a dope.
New Jersey Governor Chris Christie nixed plans for a tunnel under the Hudson River because it’s not affordable. Naturally, Paul Krugman has his panties in a bunch over the news.
But American politics these days is anything but rational. Republicans bitterly opposed even the modest infrastructure spending contained in the Obama stimulus plan. And, on Thursday, Chris Christie, the governor of New Jersey, canceled America’s most important current public works project, the long-planned and much-needed second rail tunnel under the Hudson River.
It was a destructive and incredibly foolish decision on multiple levels. But it shouldn’t have been all that surprising. We are no longer the nation that used to amaze the world with its visionary projects. We have become, instead, a nation whose politicians seem to compete over who can show the least vision, the least concern about the future and the greatest willingness to pander to short-term, narrow-minded selfishness.
He’s partially right, but not in the way you think. We do have a a political class that refuses to show concern for the future. They just happen to be the very folks Krugman supports – the irresponsible big spenders who are putting our kids in debt. Not only does Krugman want the kids to take on more debt, he also wants the people of New Jersey to pay higher taxes.
There were, however, much better ways to raise those funds, such as an increase in the state’s relatively low gasoline taxes — and bear in mind that whatever motorists gain from low gas taxes will be at least partly undone by pain from the canceled project in the form of growing congestion and traffic delays. But, no, in modern America, no tax increase can ever be justified, for any reason.
By raising the gasoline tax, Krugman would shift the cost of the project onto the people who probably won’t need it. Residents of south Jersey probably don’t commute to New York City. They drive to work. Traffic won’t be any less congested for them thanks to a Hudson tunnel, so why should they foot the bill for the commuters to NYC? People with tunnel vision like Krugman never bother asking or answering those sorts of questions. It wouldn’t fit into the spend more-tax more agenda he so longs for.