Have you noticed that there is a very odd logic around the DC Beltway deficit-cutting frenzy? Here is the basic argument:
A) Things worked great back when taxes on the rich were high. We built up the infrastructure that made us prosperous, and we built up a middle class. We didn't have budget deficits. There were many other benefits to the economy, society and our democracy. They were America's golden years.
This post is part of our ongoing "Virtual Summit on Fiscal and Economic Responsibility for People Who Did Not Wreck The Economy."
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