In separate interviews with Bill Moyers for Moyers & Company, David Stockman and Bruce Bartlett, senior architects of Ronald Reagan's economic policy, have harsh words for the staunch anti-tax position of modern conservatives.
David Stockman
David Stockman, former Budget Director under President Ronald Reagan who helped devise Reagan's supply-side, or "trickle-down," economic strategy, says today's Republicans have taken their anti-tax campaign too far.
"Taxes are the price we pay for civilization... What [conservative leaders] are saying today is foolish, it's irresponsible. How can anyone believe with the kind of deficit that we have -- a trillion dollars, year after year after year -- that we can keep taxes as low as they are?"
Bruce Bartlett
Economist Bruce Bartlett worked on domestic policy for the Reagan White House and served as a top treasury official under the first President Bush. Now he's a heretic in the conservative circles where he once was a star. When he called George W. Bush out as "a pretend conservative" in his book Impostor: Why George W. Bush Bankrupted America and Betrayed the Reagan Legacy, Bartlett was fired from his position as a senior fellow at a conservative think tank. Bartlett argues that right-wing tax policies -- pushed in part by Grover Norquist and Tea Party activists -- are destroying the country's economic foundation.
"I think Mr. Bush's support for a tax increase in 1990 was an enormous act of courage that no Republican has been willing to show since, and probably never will... I mean, would you want to be a Republican running in a Republican primary, where Grover Norquist comes in and says, 'This guy must be defeated because he violated the pledge, or he refused to sign the pledge'? The members of the Tea Party don't need to know anything else. That guy's history."
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Trusting rich greedy people with all the money to out of the goodness of their harts make life even better for the rest of us is now a proven failure. No, it has not been just recently proven a fraud over the past ten years or the past 30 for that matter. Trickle down is exactly what you had in the feudal age. Trust the king with all the nations’ wealth and trust his lords because they are smarter and richer and they know best.
Then time past and many of our ancestors left England and other regions to start the United States of America. The USA, A country which became the richest nation on the face of the earth. Not because we had a king and feudal lords but because we had the biggest wealthiest Middle Class on the face of the earth. Guess what has changed here since trickle down folks?
and in
bank fraud and wall street mortgage fraud 4 trillion $ more,
tea bags and republicrites are selfish scarey id iots
Of course, that makes them treasonous liberals in the eyes of the modern GOP.