Thursday, August 12, 2010

Deficits 101 - Economics for Republicans

You too can understand the poverty of economic vision offered up by the Republican Party. Watch this video of Republicans talking about the nation's financial state. And for our rightwing friends, who don't read, and like their information delivered on the Tee Vee, it's perfect. If you can't sit still for 7 minutes, here's the short version:

FAREED ZAKARIA (8/1/2010): You see, George Bush's massive tax cuts are the single largest chunk of our structural budget deficit. ... Were the tax cuts to expire, the budget deficit would instantly shrink by about 30%, or more than $300 billion dollars.


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