MB Civic

By David Broder | Saturday, January 17, 2009 | The Washington Post

“…The president who asked nothing of the country continued to squander the budget surpluses he inherited while pressing larger and larger tax cuts on the wealthiest of his constituents and supporters. Tax cuts became the sovereign remedy for everything in the Bush years, even, or especially, when it became clear that the budgets had turned to deficits and we were borrowing abroad to finance these revenue giveaways.

The upside-down logic of borrowing in order to cut taxes pervaded the rest of our public and private economic decision making, feeding the speculative booms that fueled unsustainable ‘bubbles’ in financial and housing markets….”…BS

http://www.washingtonpost.com/wp-dyn/content/article/2009/01/16/AR2009011603720_pf.html