Monday, January 3, 2011

Bush tax cuts and the decline of U.S. as a serious world power

Excerpt from a commentary at McClatchy:

No country can be great if its citizens are unwilling to pay for it. No country will remain great if it neglects the health and education of those citizens who lack lobbyists. The tax cuts may have assured the President’s reelection, but they also ensure America will grow more separate and unequal, not unlike the proverbial banana republics. As a result the U.S. will slowly slip from the leader of the First World to an honorary member of the Third, unless Americans stop believing their exceptionalism stems only from their virtue and requires no sacrifice.

To quote Heinlein: TANSTAAFL. We'll find out, and wonder how "they" let it happen.

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