Rising Hegemon
A new report by the non-partisan Congressional Budget Office reminds legislators that tax increases and spending cuts set to take effect automatically in January threaten job growth significantly in the coming year. But for the first time, CBO has analyzed (PDF) the economic consequences of specific provisions within the sequester. And it turns out the least harmful component of the coming fiscal consolidation is precisely what Democrats are demanding: the expiration of the Bush tax cuts for high earners.
So the best part of "austerity" is...the part that is not austerity at all but against the whole Republican way of "thinking" about life as opposed to actual life itself.
It's almost as if there's a track record or something...
4 comments:
LALALALALALALA GROVER LALALALLALALA
Austerity is so mysterious... It's always good for the poor, but always bad for the rich!
Rick Perlstein has an article out saying, pretty much, that admission to the conservative club hinges on one's ability to lie with impunity.
And, one of the big lies has been that cutting taxes on the rich is not only advisable, but necessary for the economy to work at all, and that tax cuts for the wealthy create tax revenues. We all know that all the evidence shows that's not only not true, but that the conservatives know it's not true, as well, but... they keep on saying it, anyway.
So, I guess staying in the club requires one to go on repeating those lies.
truthiness trumps facts.
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