Since the introduction of the massive Republican tax cuts, many observers understood immediately that they were to plunge government into debt, thereby undercutting its ability to fund social programs such as Medicare and Social Security, and to administer public domain that has long belonged to all citizens in common.
In May of 2003, Princeton economist Paul Krugman wrote that "gimmicks used to make an $800-billion-plus tax cut carry a price tag of only $320 billion are a joke ... The people now running America aren't conservatives: they're radicals who want to do away with the social and economic system we have, and the fiscal crisis they are concocting may give them the excuse they need."
The regressive world we are creating for our children and grandchildren is beginning to look more and more like the feudalistic system of the middle ages.
Technorati Tags Economics, Privatization
2 comments:
I particularly like the Republican suggestion to get rid of tax breaks for home mortgage interest and employer-paid health insurance. They're really about the only tax breaks middle class people get.
Chronicles of Indestructible Life
I'm reading a book entitled "Unequal Protection" by Thom Hartmann. He has a radio program that can be accessed 24/7 on his website . He is a wealth of information on this subject.
Post a Comment