Does A Bear....?

Saw the article the other day by Dave Johnson on how the very wealthy caused our current, massive deficit and by extension our current Recession and joblessness. His argument, which is buttressed by an amazing number of statistics, is that the mega-rich (what I call the 1%) forced the government to stop taxing them at anything like reasonable levels.

But, they and everyone else (but mostly them) continued to demand social services. The result was a government that supported itself by borrowing, hoping against hope that when the bill came due there would be money from somewhere to pay it off..

So, now that day is here, but our fairy godmother has declined to show up with magic wand and debit card.

The result? The 1%ers continue to insist on No New Taxes…for them. Meaning the cost of their decades of irresponsibility is shifted to us, the middle class. We pay for it with joblessness, higher prices, and the general decline in our standard of living.

Did the mega-rich cause the deficit?

Well, let's see, they forced the government to stop taxing them at anything like reasonable levels, but then demanded that the government provide them with social services, and so Washington had to borrow like mad, and, now, here we are, with the wolf at the door…

So, did they cause the deficit?

Does a bear sh— …er…seek a moment of solitary contemplation in the woods?





Source: huffingtonpost.com/dave-johnson/did-the-rich-cause-the-de_b_786062.html?ir=Business