US heading for Economic Disaster: How to Pull Out of a Recession: the Ethical Way, Not the Bush Way - by Mathew Rotshield
The ethical problem is that the top 1% has already made out like bandits. Their slice of the income pie has grown dramatically over the past few years, while the slices for almost everybody else have shrunk. The economic problem is that extending the tax cuts won't do anything in the here and now, because those cuts are already in place for the next two years. On top of that, the economic stimulus from giving the super rich some more money would be next to nothing compared with the stimulus you'd get if you gave almost everybody else some serious tax relief right now.
"The $500 billion that Bush has squandered in Iraq could have paid for 4 million new housing units, or hired 8 million new teachers. And the $2 trillion we may end up spending on this war could pay for universal health care for 12 years," Anita Dances of the National Priorities Project points out in a recent piece for the Progressive Media Project.
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