Economist of the day

Posted: 20 January 2011 in Uncategorized
Tags: , , , ,

Here in Washington, we live in an Alice-in-Wonderland political climate.  We have a jobs crisis that after three years is still raging, squeezing families, devastating our poorest communities and stunting the futures of young adults.  Yet politicians of both parties tell us that we can – and should — do nothing.

In this topsy-turvy world, the same leaders who fought so valiantly to cut taxes for the wealthy turn right around and lecture us about the imminent bankruptcy of Social Security and Medicare.  So let me get this straight:  We need to slash retirement and health benefits for the elderly because we are on the brink of fiscal crisis.  But we can afford to squander hundreds of billions of dollars in tax cuts for the super-rich. Only at the Mad Hatter’s tea party does this make sense.

AFL-CIO President Richard L. Trumka, “America’s Choices: Why the Conventional Wisdom Is Wrong”

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