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**Written by Doug Powers

That’s not exactly how the outgoing Iowa liberal phrased it when he became the latest politician to insist the government doesn’t have a spending problem, but it’s what I heard:

Note that Harkin said the government doesn’t have a spending problem, but rather that our massive deficits and the debt are the result of a “misallocation of capital” and of wealth. That falls in line with what Steny Hoyer said yesterday, except Steny’s phrasing didn’t have the redistributionist flair of Harkin.

For Harkin, the following chart provides clear and convincing evidence that the government does not have a spending problem, but that Americans simply aren’t working off their end of the bargain fast enough and it’s time for some “wealth reallocation”:

**Written by Doug Powers

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