Krugman asks: If the federal budget and national deficit situation is so serious, shouldn't we be raising taxes, not cutting them? Krugman says that "because of those large tax cuts, the only way the Ryan proposal can even claim to reduce the deficit is through savage cuts in spending, mainly falling on the poor and vulnerable. So,why isn't someone offering a proposal reflecting the reality that the Bush tax cuts were a huge mistake, and suggesting that increased revenue play a major role in deficit reduction? Actually, someone is... the "People's Budget" from the Congressional Progressive Caucus," which offers the only major budget proposal out there offering a plausible path to balancing the budget, and is the one that includes significant tax increases." |
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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)