For between true Science and erroneous doctrines, Ignorance is in the middle.
“the credibility of the United States is now surrounded by uncertainty.”Said Fareed Zakaria on AC360. I don't think so. That the reigns of power have been grabbed by a malicious minority for whom the successful defense of a failed and disastrous economic theory seems damned certain. That even a very large majority of voters have become so removed from participation in decision making is so certain that the Tea Party inmates now dance with idiot glee on the site soon to become the grave of our country. For after all, has that 3% taken off the adjusted gross in excess of $250,000 not been the reason we all did so well during the Bush administration? Wasn't it the reason that private sector job growth was at 0.0% for 8 years?
What remains quite certain in my mind is that the stated objectives of the hostage takers are not to be taken at face value, yet, even if we do, the premise behind it all is a lie and smells accordingly. The real but hidden objective of course is a feudal society out of the sick dreams of Ayn Rand, where a handful of powerful people are unimpeded in their greed and everyone else is destined ( and designed) to serve them while subsisting on their crumbs and leavings. But, these scams, these lies, these frauds are still the fundamental props of that Tea Party scheme, a scheme shown to fail even more quickly than Communism does -- and we're allowing our erstwhile democracy to fall like Jericho to a mob walking in circles and blowing loud on a horn.
"The imbecile bourgeoisie of this country make themselves the accomplices of the very people whose aim is to drive them out of their houses to starve in ditches"
Upper bracket tax cuts do not create jobs or prosperity except for a very, very few individuals and that prosperity comes with a crushing burden on the rest of the populace. While the fake Libertarians rhapsodize about not ever asking what they can do for their country, Mexico sits there demonstrating what it's like when a handful with all the money are absolved from responsibility and often even from the law.
A healthy Capitalistic system, a system that fosters job growth requires discretionary money flowing through the hands of consumers and the "agreement" we now seem to have had forced upon us takes it away while granting favors to a privileged class who spend proportionately less on consumer goods, thus weakening the economy. We've had thirty years of the continuous failure of this long con, although, thanks to the ownership of the 24 hour propaganda system by that privileged plutocratic class, we've forgotten.
The rich man will not hire people to build anything while most of the country can't afford to buy them and as a shark requires moving water to survive, a capitalist economy requires moving money.
Tax cuts do not pay for themselves with increased revenues. much less do they pay for the longest and most expensive wars in American history. We have now had three wars in three decades, all sold as self-funding and the lion's share of our debt is attributable to our having to borrow the funds from abroad to pay corporations who do not pay taxes rather than paying for it. The war that pays for itself in booty is a stinking lie. How much more proof will it take?
Tax cuts for the wealthy do not create jobs, nor boost the economy, nor boost revenue. Only a small fraction of the extra cash in deep pockets makes its way back into the economy and nearly all of the cash from entitlements and paychecks of middle and working class families does -- and quickly. For each Porsche or Ferrari or yacht bought with that extra tax bonus, for every stash of Krugerrands or condo in Marbella, 10 families, maybe 100 families would have bought cars and washing machines and refrigerators and school supplies and some might have bought hamburger instead of cat food. Their money returns to the economy instantly. Yet every day we hear lying voices shouting about "job destroying taxes;" shouting so loud that we forget that our most prosperous and fully employed years featured high marginal rates.
Marginal rates below 50% seem to precede recessions. Don't believe me, look it up and the biggest debt increases have been under Republicans for a very long time -- most spectacularly under the misrule of Bush and Cheney and don't tell me you were against it at the time, you weren't.
“Reagan taught us that deficits don't matter”
This isn't Obama's recession, it belongs to all of us and Obama's biggest "spending spree" was in his first year, operating under a budget and tax scheme passed by Bush. It's as if Congress bought the yacht under Bush and because Obama had to make the payments, pay for the dockage, maintenance and fuel, he's the spendthrift.
The biggest increase of the debt ceiling in the average American's lifetime was under Reagan, the second under Bush, 200% and 90% respectively. Both presidents created recessions. Clinton raised the debt ceiling 44% and raised taxes and we had record high employment and the longest period of expansion and prosperity - ever. Funny how you told us his success was because of Reagan and Bush the First, but on the day of his inauguration, it was "Obama's recession."
26% under Obama so he can pay "the troops" and keep our contractual obligations -- and the reeking, ignorant unwashed rabble take to the streets and storm Congress screaming about impeachment and the biggest spending president ever since the beginning of time.
"Joy to great Chaos! Let Division reign"
But you won't learn, you won't be honest, you won't stop protecting your fantasy, even if you have to go down with the ship you're scuttling. So keep giggling, keep your nose in the air -- keep talking about tax and spend Democrats and bleeding heart Liberals. You'll bleed too and there will be no one to help, no one to care.