As I and others before me have pointed out, the concept applies in spades to the Treasury. Responsible people who tighten their belts will suffer, while the enthusiastic looters will get their share.

Of course, all of the above still assumes the bald-faced lie that our budget problems are due to insufficient taxation. I've proved, many times, that this is not true. It's the spending.

Cut the spending back to the levels of only five years ago, and hold it there (in constant dollars), and we would be in surplus by 2012 (under current revenue predictions). By 2015 the surplus would be approaching half a trillion dollars. Imagine the tax cuts that would be possible then.