Betty Clifford’s tirade is simply too much to ignore. Any economist whether left, right or center will tell you that governments aren’t like families when it comes to budgets. We were paying down our debts before President Bush and his cronies decided that the ultra-wealthy deserved even bigger tax breaks than they already had. So yes, one of the steps to reducing our budget deficit will have to be letting the Bush tax cuts expire. Another step will be to end the occupation of Iraq, end the war in Afghanistan and bring all our troops home.
Most importantly because it is both a major cause of our deficit and the damage it is doing to families all over this nation we must focus on creating jobs. Now I’m not talking about more tax cuts to “stimulate” big companies because there’s plenty of evidence that doesn’t work, just look at the Bush years where we had big tax cuts and no change in unemployment. No, I’m talking about investing in the infrastructure that we’ve allowed to crumble all over this nation like the interstate highway bridge in Minneapolis that collapsed killing 13 people August 1, 2007.
If we put people back to work they’ll spend their paychecks which will increase demand at stores all over the country and they’ll hire more staff and all of them will pay more taxes. Then we’ll also have the benefits of resurfaced highways and replacement bridges to deliver the goods that make the economy run.