Right wing website Newsmax held a poll in which they asked people how to reduce the deficit. Below are the results (copied from here): To close the federal deficit, Congress and the President should: Raise taxes 85,099( 08%) Cut spending 274,206( 27%) Cut taxes and cut spending 593,479( 59%) Raise taxes and increase spending 38,066( […]
The U.S. Economic Policy Debate Is a Sham “In reality, there’s remarkable consensus among mainstream economists, including those from the left and right, on most major macroeconomic issues. The debate in Washington about economic policy is phony. It’s manufactured. And it’s entirely political. Let’s start with Obama’s stimulus. The standard Republican talking point is that […]
This is largely correct. In addition to the tax cuts, there are also wars to pay for, and mismanagement and corruption. As Frank Thomas says in his 2008 book “The Wrecking Crew: How Conservatives Rule,” Republicans don’t want government to work, so they intentionally mismanage and corrupt it. In other words, perhaps the country IS […]