A progressive perspective on politics, culture and the media
I've always been curious about the "guvmint's" term of 'deficit.' "What you talkin' about Willis?". The dictionary says, "money falling short of the 'Required' or 'expected' amount." Hmmm... so where lies this falling amount? Military, congress, oil co.s, Big Businesses(I owe from last election) 'Special Interests'(this is a Big List), foreign entities, & the List goes on! I'm not sure food stamps/medical care for US citizens are in this list. H's??????
1. Military budget (doubled since 2003 to over $824 billion); and 2. Mandatory entitlement spending increasing due to an aging population (Medicare/Medicaid/Social Security, etc.) are the two biggest growth items, while tax rates (contrary to Republican rhetoric) are at the lowest levels since the Eisenhower years. Deficit spending helped get us out of the Republican recession (the stimulus package), so it's a Keynesian tool for helping the economy when it's tanking. An article of Republican voodoo economics is that if you take tax revenues and give them back to producers (the wealthy), it will create more economic activity and jobs eventually. That's the economic equivalent of extracting moonbeams from cucumbers, of course.
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