Deficit games

Nothing like a little voodoo economics to scare the crap out of the ignorant US public. Let’s talk about the budget deficit and how large the national debt happens to be.

Guess what? The US deficit is mostly the fault of the Bush tax cuts, the Bush wars, and the financial collapse that happened during the Bush presidency. At this point, though, this is more in the nature of a religious debate than a factual one, and conservatives are going to keep repeating the same tired disinformation about the deficit regardless of any evidence one way or the other.

Of course, there is a shift of wealth with the rich getting richer and the poor getting poorer, and everybody else seeing their standard of living drop.

Personally, I wish these ideas would go away, they are a bad idea for the US and a worse idea for the rest of the world.

Sources:
Economic Downturn and Bush Policies Continue to Drive Large Projected Deficits
The Deficit Chart Republicans Hate

Advertisements
%d bloggers like this: