What I think about what the blogosphere is thinking about.<\/p>\n
No Pain Here:<\/strong> At the Enterprise<\/a> blog, Mark Perry rounds up some great factoids about the boom in public sector wages. (”The number of federal workers making $150,000 or more has more than doubled since the recession started.”) As it happens, just read a great City Journal<\/a><\/em> article on the role of the public employee unions on California’s economic problem. This is an issue with momentum.<\/p>\n Dubious Defender:<\/strong> The fabulous Fausta<\/a> takes issue with the POTUS claiming he is a fierce advocate of free markets.<\/p>\n Growth Solution:<\/strong> Larry Kudlow<\/a> has a great thought on the EU debt crisis: “Look, the problem here isn\u2019t just debt. The problem also lies underneath the debt. In other words, there are no tax-rate incentives to promote economic growth. That, of course, would help dissolve the debt.”\u00a0 American doesn’t need a Deficit Commission. It needs a Growth Commission.<\/p>\n VAT Valentine:<\/strong> Another MSM story<\/a> singing the praises of value-added tax. Key bit: “The smart money says the VAT is America’s destiny, a destiny that comes closer with each passing budget.”<\/span><\/span><\/span><\/span><\/span><\/p>\n Credit Crisis:<\/strong> Like me, my pal John Tamny<\/a> doesn’t think it would be such a bad thing for US debt to get a downgrade. This why Geithner should not have been so dismissive of the AAA rating threat.<\/p>\n