Was it not just a couple of weeks ago that The Conversation was all about the supposed five-alarm emergency of the federal budget deficit and the hellish consequences that surely awaited the continuation of profligate spending? Never mind. The political establishment decided to tack another $900 billion on the federal tab to stave off an apparently more dire crisis: the prospect that tax cuts lavished on people wealthy enough to worry about mooring charges might soon expire.the rest of the article is worth reading as well.
Tuesday, December 14, 2010
The Lost Middleclass
I thought the following paragraph was a minor jewel when it comes to explaining the political weirdness right now. It's from Peter Goodman at Huffpo