Hi, I'm Sarah Palin and I failed Economics in College

Our dear Sarah Palin, the woman I am THRILLED to say is the Governor of Alaska, had this to say to furl-browed Sean Hannity on his cross-eyed-serious TV show the other night:

"When you consider that the federal government is about $11 trillion in debt, and we're borrowing more to spend more ... it defies any sensible economic policy any of us ever learned through college. It defies economy practices and principles that tell ya 'you gotta quit digging that hole when you are in that financial hole.'"

Now, ignoring the fact that her state, Alaska, receives $1.87 in federal spending for every dollar it sends to Washington in federal taxes - making it the second largest leach off the federal government in the Republic - it is readily apparent she didn't take Business 100 at the University of Idaho, either her first time there or the second (after her community college tour). As such, she missed out on the portion of the syllabus entitled Economics Major Objectives 1: Famous Economists, which said the following:

"Many would argue that (John Maynard) Keynes was the most influential economist of the 20th century. In his book The General Theory of Employment, Interest, and Money, published during the Great Depression, Keynes argued for active action by the government to increase spending of money they didn’t have. His legacy is something called Keynesian Economics, which advocates the use of government spending and taxation to stabilize the economy."

If this is taught in freshman business class at the University of Idaho, you would assume it's common knowledge. I personally know about as much about economics as I do about the rebel Dahan regime during the Yuan Dynasty in China during the 14th century, and even I know about John Maynard Keynes:

Keynes's theory suggested that active government policy could be effective in managing the economy. Rather than seeing unbalanced government budgets as wrong, Keynes advocated what has been called countercyclical fiscal policies, that is policies which acted against the tide of the business cycle: deficit spending when a nation's economy suffers from recession or when recovery is long-delayed and unemployment is persistently high—and the suppression of inflation in boom times by either increasing taxes or cutting back on government outlays. He argued that governments should solve problems in the short run rather than waiting for market forces to do it in the long run, because "in the long run, we are all dead."

So either Sarah took the class and failed it, or never took it or any other course in basic economics. Not at North Idaho Community College, Matanuska-Susitna Community College, Hawaii Pacific College, or her alma mater, the University of Idaho (in Moscow, no less) during the five years it took her to get a journalism degree. Perhaps she didn't think she needed it to become a sports reporter at the Mat-Su Valley Frontiersman. She certainly didn't use her intricate knowledge of economics when she increased the long-term debt of Wasilla, Alaska, from $1 million to $25 million during her two terms as mayor.

(Incidentally, for someone she claims to love so much, she also apparently doesn't know much about Ronald Reagan, who, upon taking office during a recession, went on an 8-year deficit spending spree like Keynes on ecstasy, increasing our national debt from $700 billion to $3 TRILLION in 8 years as the United States went from the world's largest creditor nation to the world's largest debtor nation, but I digress.)

Every time this woman speaks I thank the good Lord and the people of America for not putting her one John McCain heartbeat away from raining stupidity on the United States.