Monday, August 9, 2010

"America is now on the unlit, unpaved road to nowhere. "

Money quote from Paul Krugman's recent essay in the NY Times.

Washington is providing only a trickle of help, and even that grudgingly. We must place priority on reducing the deficit, say Republicans and “centrist” Democrats. And then, virtually in the next breath, they declare that we must preserve tax cuts for the very affluent, at a budget cost of $700 billion over the next decade.

In effect, a large part of our political class is showing its priorities: given the choice between asking the richest 2 percent or so of Americans to go back to paying the tax rates they paid during the Clinton-era boom, or allowing the nation’s foundations to crumble — literally in the case of roads, figuratively in the case of education — they’re choosing the latter.

Krugman unfortunately makes no mention of the drain that is Afghanistan, and Iraq, and the tons of dollars lavished on the Israeli military.

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