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Notes to myself, possibly of interest to others.
-- Bill Northlich

Friday, April 15, 2011

Taxes & Deficits

Republicans are deeply, sincerely concerned about the budget deficit. That’s why, in unveiling their plan last week, they declared themselves willing to give ground on their traditional priorities, signaling a willingness to accept higher taxes on the wealthy and reduced defense spending as part of a deficit-reduction deal.

Oh, wait. You mean they didn’t do anything like that? You mean that even while warning about an imminent fiscal crisis, they actually tried to cut taxes on the rich to their lowest level since 1931?

Why, you might actually think that they’re not sincerely concerned about the deficit. But that can’t be true, since they keep saying that they are.

---Krugman; more at link

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