21 February 2011

Robert Reich: the Republicans' BIG LIE

From Reich's post today:

Republicans say "we've" been spending too much, and they're determined to end the spending with a scorched-earth policies in the states (Republican governors in Ohio, Indiana, and New Jersey are reading similar plans to decimate public unions) and shutdowns in Washington.

There's no doubt that government budgets are in trouble. The big lie is that the reason is excessive spending.

Public budgets are in trouble because revenues plummeted over the last two years of the Great Recession.

They're also in trouble because of tax giveaways to the rich.

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