Zippidy Doo Da

I'm not stupid, I'm from Texas!

Tuesday, September 21, 2010

Chupacabra Report

News that Gets My Goat..

This graph comes from Rachael Maddow, one of the smartest people doing news today. I can relate some when I hear people rant about the debt, but have to wonder where they were 20 or 30 years ago when all this started. Paul Tsongas and Warren Rudman founded the Concord Coalition in ’92 to educate the public about our unsustainable economy, but people kept electing the same tools preaching about “God, gays, and guns.”

Now the GOP and the teabaggers are up in arms about spending, except when it’s for their Social Security, Medicare, or colossal military. Give me a break. What did we get for all that money? Reagan built a 500 ship navy so it could be mothballed. We cut capital gains taxes and reduced tax rates on top earners resulting in a massive upward transfer of wealth, while giving tax considerations to corporations moving jobs overseas. It was during this time that the “Made in USA” label disappeared from Wal-Mart’s shelves. Like Chickens for Colonel Sanders, American voters have been cutting their own throats for 30 years.

Now that we have a president who inherited two wars and an economy going over the cliff, people have hit the streets to scream about spending. I’m no economist, but I am a student of history, and I’ve learned that Keynesian economics saved this country from anarchy and despair during the great depression. I swear, if we hand over the reins to the Republicans this fall, we’re headed for breadlines and riots when they try to move us forward into the 19thcentury.


At 11:44 AM , Blogger Lulu Maude said...

Reagan created a false recovery by putting some of the most vocal jobless back to work--engineers in the defense industry. Since Republicans like to press defense spending as the one defensible type of government spending (sorry), the deficits went nuts with nary a whisper of complaint. Tough on defense! Yessiree!

Deficits? They don't matter. Till they do.


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