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Wednesday, June 8, 2011

June 7, 2001, A Day That Will Live in Infamy

We are at the ten year anniversary of the first Bush-43 tax cuts (he put another round through just before his swiftboat re-election).

You probably didn't realize it, but June 7, 2011, is a momentous day in US history. It marks the 10-year anniversary of the signing into law of the Bush tax cuts, a day when President George W. Bush helped replace an unprecedented federal budget surplus with a mountain of debt in order to slash taxes for rich people (including dead ones). The anniversary of the cuts comes at a particularly fortuitous moment, with the political classes deep in debate over the increase in the federal deficit. Now is a good time to take a look back to see just how well those tax cuts have worked out for the country. Some highlights, with data from the Economic Policy Institute

Just a reminder: Al Gore, whatever his problems, promisd a "lock box" for Social Security receipts and for continuation of Clinton era policies and all kinds of new green initiatives. In other words, a stronger Republic. Yet, people keep coming back to the GOP like they have some kind of brand-credibility or something.