The Economist Behind the Curtain
In fact, the Senate vote came alarming close to ending a tax on inheritances of the richest half-a-percent of households, with a majority of Senators (57--but they needed 60 for a repeal) supporting a measure which would have cost the treasury $800 billion over 10 years at a time of ballooning budget deficits and war.
Of course, the politics of the repeal were the focus of most analyses--would the White House be adhered to or get rebuffed on an issue dear to them--but the economics of the tax cut are deeply revealing of the fundamental flaw of economic policy today.
And that flaw is this: we have, over the past three decades, shifted from we're-in-this-together (WITT) economics to you're-on-your-own (YOYO) economics.
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Gay Marriage Ploy: Classic YOYO Fumble
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Refrying Health Care
So... Dub takes the snake oil road show today to Dublin, Ohio to the corporate headquarters of Wendy's... arguably the third largest threat to America's public health... to preach upon the virtues of HSA's as preventative healthcare... Mindboggling...
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