Upside Down Conventional Wisdomby: Dean BarkerSun Aug 22, 2010 at 08:46:58 AM EDT |
Who knew? Uneccessary war, and revenue giveaways to the uber-wealthy are bad for the deficit, while government spending in a time of severe economic crisis is correct:
The real question is whether we spent enough. But that is a debate that will never see the light of day in our dominant media culture. Instead, the FAUX News/Hate Radio echo chamber and Very Serious Austerity Economists have joined forces to create the new conventional wisdom that what we really need right now is for the little people to suffer for the sake of the deficit. For example, the best way forward for those withdrawing early from or borrowing from their retirement accounts is to raise the Social Security retirement age. |
