Thoughts on the Middle East, History and Religion
Posted on 08/14/2012 by Juan Cole
Cenk Uygur of Current TV takes on Paul Ryan’s claims to be a deficit hawk and for small government, showing all the ways that Ryan’s votes helped create trillions in deficits:
See also my infographic, which makes many of the same points.
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The only thing I find farcical here is the idea that you can estimate how big the deficit would be if those bills hadn’t been passed. Such a calculation is pure fantasyland and thereby, a false argument. Our elected representatives on both sides of the aisle hate a vacuum. Take away their ability to spend over revenues, and only then could you calculate a genuine hypothetical fiscal situation to compare to.
Ah, the Libertarian solution! It’s all so simple… except for the getting there, and making it work once you arrive…
Well, we don’t have to estimate how big our deficits were before Ronald Reagan rewrote American ideology to champion short-term greed over all.
It’s simple. We used to have a top tax rate of 91% on the rich, and balanced budgets, and a GOP that supported this arrangement.
Oh, let me guess, “both sides of the aisle” are bad so always always always vote for the Republican?
Animated history of the financial crisis presented by
The Guardian:
link to youtube.com