Friday, March 20, 2015

Recommended Reading

Paul Krugman weighs in on the House GOP's proposed budget plan, which promises all the usual greatest hits: tax cuts for the rich, repeal Obamacare, yadda yadda. But as Krugman explains, the implications of this plan (which, to be fair, will never actually become law under the current status quo) are far starker in terms of what they illuminate about the mindset behind it:
Think about what these budgets would do if you ignore the mysterious trillions in unspecified spending cuts and revenue enhancements. What you’re left with is huge transfers of income from the poor and the working class, who would see severe benefit cuts, to the rich, who would see big tax cuts. And the simplest way to understand these budgets is surely to suppose that they are intended to do what they would, in fact, actually do: make the rich richer and ordinary families poorer.
One the one hand it's a head-scratcher, but on the other it's totally not. Read the rest here.

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