Friday, July 25, 2014
The Sky Didn't Fall Quote of the Day
"Tax increases aren’t economic suicide; sometimes they’re a useful way to pay for things we need. Government programs, like Obamacare, can work if the people running them want them to work, and if they aren’t sabotaged from the right. In other words, California’s success is a demonstration that the extremist ideology still dominating much of American politics is nonsense." (emphasis added) -- Paul Krugman, writing in the New York Times, on the erroneous, dire predictions of right-wingers that California would implode after Gov. Jerry Brown raised taxes, invested in infrastructure, and raised the minimum wage. What actually happened was increased employment, budget surpluses, and successful implementation of the state health insurance exchange under the Affordable Care Act.