The Appalling Deficit Deal
By Daniel J.H. Greenwood
August 1, 2011
That is the only word to describe the president’s deal to, in the words of the White House fact sheet, “reduce non-defense discretionary spending to its lowest level since Dwight Eisenhower was President.”
Our population, economy, and needs are far greater than they were in 1950. And we are in the middle of a jobs crisis, where low demand has led to low job growth and wage stagnation, leading to more low demand.
What we need is expanded investment, not “shared sacrifice” that is neither shared nor sacrifice, but simply willful destruction of our future.
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