"It's class warfare and my class is winning." Warren Buffett

The value of any commodity, ... to the person who possesses it, and who means not to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command. Labour, therefore, is the real measure of the exchangeable value of all commodities. (Adam Smith, Wealth of Nations Book 1, chapter V.)

The question we ask today is not whether our government is too big or too small, but whether it works....(Barack Obama)


Monday, February 01, 2010

Why We have a Budget Deficit

Want to know what's driving the current US budget deficit?  The largest factor isn't Obama's economic stimulus or TARP.  By far the largest single factor is the Bush tax cuts that mostly benefited the wealthy:


Those tax cuts need to be rolled back from the wealthy now.  You can't pay your bills without income.

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Posted by Delaware Watch at Monday, February 01, 2010

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