to starve the beast
Over the past three years, they've pushed through $2 trillion dollars in tax cuts - almost all tilted towards the wealthiest people in the country.
Cuts in taxes on the largest incomes.
Cuts in taxes on investment income.
And cuts in taxes on huge inheritances.
More than half of the benefits are going to the wealthiest one percent. You could call it trickle-down economics, except that the only thing that trickled down was a sea of red ink in our state and local governments, forcing them to cut services for and raise taxes on middle class working America.
Now the Congressional Budget Office forecasts deficits totaling $2.75 trillion over the next ten years.
These deficits have been part of their strategy. Some of you will remember that Senator Daniel Patrick Moynihan tried to warn us 20 years ago, when he predicted that President Ronald Reagan's real strategy was to force the government to cut domestic social programs by fostering federal deficits of historic dimensions. Reagan's own budget director, David Stockman, admitted as such. Now the leading rightwing political strategist, Grover Norquist, says the goal is to "starve the beast" - with trillions of dollars in deficits resulting from trillions of dollars in tax cuts, until the United States Government is so anemic and anorexic it can be drowned in the bathtub.
Inequality Matters Forum
New York University
Bill Moyers Jun.03.04
truthout
Common Dreams
