"Debating the merits of this philosophy with then-governor Ronald Reagan in the 1980 Republican presidential primaries, Bush argued, “It just isn’t gonna work.” He was right. It didn’t work then: Budget deficits soared during the Reagan years. As Tea Party governors are learning, it isn’t working now either.
In Kansas, Brownback lowered tax rates for top earners by 26 percent. Now the state faces a $334 million budget deficit. Kansas’ public services are so emaciated that the State Supreme Court ruled the funding of the school system unconstitutional. Economic growth has stalled and the state’s employment growth currently ranks 34th in the nation."
The play book
- Cut taxes for the wealthy. Promise "trickle down"
- Run big deficits.
- Use these deficits to scare the hell out of the voters, you know, stealing from our children and all.
- Convince voters that to fix the deficit we need to
- cut services to the poor/sick/old.
- increase regressive taxes.
- bust unions
- raid pensions
- Repeat as needed.
- About every 10 years, throw in a banking/financial crisis that steals about 50% of their 401Ks and everything is good.
It works. If it ain't broke, don't fix it.
'via Blog this'
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