(Via David Sirota) Funny how higher taxes on the wealthy correlate with higher growth and vice-versa:
"Why then does talk of an ‘impending Social Security crisis’ never disappear? Because it is instrumental. It is not a candid assessment of facts and logic associated with demography and economics. It is, rather, a means to an end: toward the privatization of the Social Security system. It is perfectly predictable that once deep benefit cuts are on the table, the ‘alternative’ of private investment accounts will then resurface to ‘ease the pain of adjustment’ for America’s seniors. Crocodile tears will be freely shed at the doors of the ‘bipartisan commission’ that will be convened to balance the needs of the bankers and fund managers, as against those of the elderly, in this matter."
— James K. Galbraith, The Predator State, 2008
Dear Republican Party: Please stop playing chicken with my own and everyone else’s livelihood. Mkay?
Dear Democratic Party: Please stop acting like Republicans.