In Search of Common Ground: a short Mother Jones piece on a nation more politically, culturally, and economically divided than ever.
All questions—especially "Where's the jobs?"—have the same answer: Cut taxes on the rich. And so we've cut taxes on the rich with a vengeance, even though no economist has come forward to defend that as sound strategy either for boosting short-term demand or for paying for investments in things like education that might let us stay abreast of the world. Instead, it's led directly to the next potentially unmanageable situation—the almost inconceivable budget deficit, half a trillion dollars a year, stretching deep off into the distance.
All questions—especially "Where's the jobs?"—have the same answer: Cut taxes on the rich. And so we've cut taxes on the rich with a vengeance, even though no economist has come forward to defend that as sound strategy either for boosting short-term demand or for paying for investments in things like education that might let us stay abreast of the world. Instead, it's led directly to the next potentially unmanageable situation—the almost inconceivable budget deficit, half a trillion dollars a year, stretching deep off into the distance.
