Do you remember one of the "Gods" of the "korporate und konservative" crowd? Do you remember what he said about DEFICITS -- that nebulous stuff the current anti-tax-(for the rich)-konservative-korporate-krowd WAILS about? No?
well, here it is:
Former Treasury Secretary Paul O'Neill was told "deficits don't matter" when he warned of a looming fiscal crisis.
O'Neill, fired in a shakeup of Bush's economic team in December 2002, raised objections to a new round of tax cuts and said the president balked at his more aggressive plan to combat corporate crime after a string of accounting scandals because of opposition from "the corporate crowd," a key constituency.
O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter," he said, according to excerpts. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Cheney told the Treasury secretary he was fired.
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Now, how can ANY Republican yell about "deficits" with a straight face?
We need another, larger stimulus plan. We need NEW infrastructure. We need high speed rail. We need to put Chris Christie on a diet. We need to actually LISTEN to Pawlenty, and begin to understand what a world class DICK he is.
And, that's just the beginning
Friday: Personal Income and Outlays, PCE Prices, Fed Chair Powell
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All US markets will be closed in observance of *Good Friday*.
[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top t...
1 hour ago
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