“For example (and thanks to Doug Korty for this point), the total deficits of the federal government from 1950 to 2009 were $6.6 trillion. During those years, three Republican presidents (Ronald Reagan, George H. W. Bush, and George W. Bush) accounted for the vast majority of those deficits. All the other presidents (Harry Truman, Dwight Eisenhower, John F. Kennedy, Lyndon Johnson, Richard Nixon, Gerald Ford, Jimmy Carter, and Bill Clinton) combined accounted for a small fraction only. The three deficit-happy Republican presidents were the most conservative and subservient to major capitalists interests. They all increased spending (chiefly for military and counter-crisis purposes) while cutting taxes (especially for corporations and the richest individuals). Such policies forced huge federal deficits and rapid national debt hikes. The Obama administration ran very large deficits and boosted the national debt through stimulus outlays and costly wars without offsetting tax increases.”
-From the chapter Capitalism, Democracy, and Elections (2013), Richard Wolff’s book: “Capitalism’s Crisis Deepens”
Keep that in mind the next time you vote for someone on account of your taxes, your debts, Her emails, your general nonsense of living as an #americant soothed by pharmaceuticals and/or Disney and/or the lie of the mind that is your hope and desire of exceptional-ism. And now. Go buy something.
Rant on. And. Good luck suckers.
-T
worstwriter 