Thursday, May 29, 2003

'Tax cuts' and deficit in the US
'It's no secret that right-wing ideologues want to abolish programs Americans take for granted. But not long ago, to suggest that the Bush administration's policies might actually be driven by those ideologues - that the administration was deliberately setting the country up for a fiscal crisis in which popular social programs could be sharply cut - was to be accused of spouting conspiracy theories.'

It seems like a rerun of the Reagan era, and is indeed deliberate policy - a combination of tax cuts for the wealthy and boosted military spending leading to a huge deficit, a manufactured fiscal crisis which can then be used to slash spending for social programs. The 'war on terror' is also recycled from the Reagan time.

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