Thursday, May 26, 2011

The Big Debt Lie

The thirty year supply-side, trickle-down economic theory, originating from the Reagan Administration, has been thoroughly debunked by economists and pundits over the years. Yet, people still buy this fairy tale of a fiscal policy and Republicans continue to howl daily about the need to cut taxes for the wealthy and corporations. It's a testament to the ignorance of a population in a country that has added $14 trillion in debt, 90% under GOP presidents, over three decades and sports a world-class inequality gap, where the richest 300,000 have as much income as the bottom 150 million Americans, that this policy has any traction at all. 
http://www.salon.com/news/politics/war_room/2011/05/25/gop_debt_lie/index.html

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