At the Deficit Table: Wingnuts, Wall Street & Wealthy But Not Women & Working People

[Flaylo]

Dave Johnson: At the Deficit Table: Wingnuts, Wall Street & Wealthy But Not Women & Working People

Just 10 years ago the country had huge budget surpluses. Then they cut taxes for the rich and dramatically increased military spending. They privatized (i.e. handed to cronies) as much of the government as they could get away with. They deregulated almost everything, stopped enforcing the laws and regulations that remained. They closed 50,000 factories, sending millions of jobs out of the country. This all came to a head, as it had to, and millions more jobs were lost, which exploded the already-huge deficits as unemployment, food stamps, etc. increased while tax revenues declined.

The facts presented.