The Hollow Cry of ‘Broke’ – NYTimes.com

Amen…

With most creative types being Democrats, you would think we could do a better job of getting this message out…

One of the reasons we fail is the Corporate-owned Media…

In this case, the New York Times is right (emphasis is mine):

A country with a deficit is not necessarily any more “broke” than a family with a mortgage or a college loan. And states have to balance their budgets. Though it may disappoint many conservatives, there will be no federal or state bankruptcies.

The federal deficit is too large for comfort, and most states are struggling to balance their books. Some of that is because of excessive spending, and much is because the recession has driven down tax revenues. But a substantial part was caused by deliberate decisions by state and federal lawmakers to drain government of resources by handing out huge tax cuts, mostly to the rich. As governments begin to stagger from the self-induced hemorrhaging, Republican politicians like Mr. Boehner and Mr. Walker cry poverty and use it as an excuse to break unions and kill programs they never liked in flush years.

via The Hollow Cry of ‘Broke’ – NYTimes.com.

Leave a comment

Filed under Politics, The Economy

Leave a comment