In One Eye
Sunday, September 25, 2005
E.J. Dionne, Jr. called the conservatives' fiscal policies "stupid" on Friday and then felt he had to justify using the word. Such is life in today's post-PATRIOT Act journalism.
At any rate, he makes his usual salient points:
The cost this year alone [sic] of the Bush tax cuts enacted in 2001 and 2003 comes to $225 billion. In other words, the revenue lost because of tax cuts going through this year without any congressional action would more than pay the costs of Katrina recovery: The idea seems to be that to help Katrina's poor and suffering victims, other poor and suffering people will have to sacrifice ...Dionne is arguing a truism, but it bears repeating just how the republic has turned into an oligarchy.