Tuesday, June 7, 2011

The Opportunity Cost of the Bush Tax Cuts

It's a red letter day today - the ten year anniversary of the huge embarrassing failure that were the Bush tax cuts. Here is a sampling of all the elitist socialist shit we didn't do while shoveling over truckloads of Benjamins to banksters and plutocrats alike:
- Give 122.7 Million Children Low-Income Health Care Every Year For Ten Years
- Give 49.2 Million People Access To Low-Income Healthcare Every Year For Ten Years
- Provide 43.1 Million Students With Pell Grants Worth $5,500 Every Year For Ten Years
- Provide 31.5 Million Head Start Slots For Children Every Year For Ten Years
- Provide VA Care For 30.7 Million Military Veterans Every Year For Ten Years
- Provide 30.4 Million Scholarships For University Students Every Year For Ten Years
- Hire 4.19 Million Firefighters Every Year For Ten Years
- Hire 3.67 Million Elementary School Teachers Every Year For Ten Years
- Hire 3.6 Million Police Officers Every Year For Ten Years
- Retrofit 144.6 Million Households For Wind Power Every Year For Ten Years
- Retrofit 54.2 Million Households For Solar Photovoltaic Energy Every Year For Ten Years
Also - the Iraq and Afghanistan wars factor in to be about another $3 trillion. Sure would be nice to have a cool $5.5 trillion lying around right now, wouldn't it? But I forgot - these tax cuts broadened the base and actually spurred record amounts of economic growth:
Meanwhile, all the teatards in the GOP caucus continue to tout widespread regressive tax cuts as the keystone of their economic policy and the sole path to making it rain GDP. I think one of their own had a good saying for that whole principle of not falling for the same bullshit time and again:

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