America’s Debt And The Economically Illiterate

From the best and seriously conservative Economist, it is embarrassing to our nation that the US is led by people who haven’t the slightest idea about basic economics, or have chosen to ignore economics for personal advantage.  Either way we are stuck in a stagnant economy, huge unemployment and nothing happening to reverse course.

The sticking-point is not on the spending side. It is because the vast majority of Republicans, driven on by the wilder-eyed members of their party and the cacophony of conservative media, are clinging to the position that not a single cent of deficit reduction must come from a higher tax take. This is economically illiterate and disgracefully cynical.

via America’s debt: Shame on them | The Economist.

About Stephen E. McGaughey
International consultant in economic development programs and projects

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