Posts Tagged Bush Tax Cuts
“All accumulation … of personal property, beyond what a man’s own hands produce, is derived to him by living in society; and he owes on every principle of justice, of gratitude, and of civilization, a part of that accumulation back again to society from whence the whole came.” -Thomas Paine
By most accounts, the super committee has been super useless. Unless you are a Republican, and your goal is to destroy society, in which case it has been great. All you have to do is refuse to accept anything put forward, and eventually a trillion dollars gets cut from the budget, and no taxes are raised. Since this was the plan all along…
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Even as Republicans blather on about the evils of a so-called “government takeover of health care,” economic news has provided two new key illustrations that the intellectual foundation of right-wing economic orthodoxy has collapsed.
First, the most recent economic numbers on changes in Gross Domestic Product (GDP) and employment made it increasingly clear that — as The New York Times reported last Saturday — the Obama economic stimulus and the massive government intervention in the financial markets