Budget fun & games
The Budget Reconciliation bill that's been kicked around since January would extend deep tax cuts to billionaires offset by deep cuts in health care, nutrition and education. People act as if it's a simple trade-off that balances out. It doesn't.
The difference will be made up by $3 trillion in borrowing over the next 10 years. Precisely put, the question is how much should the federal government borrow to put more money in the hands of its richest citizens?
No one except partisans believe it will stimulate growth. Forty years of experience proves supply side economics wrong. Income equality since 1980 has grown to levels comparable to the Gilded Age, and this bill would continue that trend.
This bill has nothing whatsoever to do with deficit reduction. You can fire the CBO and push out the parliamentarian, but you can't change math.















