This stuff is starting to piss me off. Consumer debt and the Federal deficit are at all time highs. The savings rate is negative, and businesses are shedding jobs like a cat sheds hair because people aren't buying. People can't afford their mortgages, and banks are only willing to compromise once the family home is in forclosure. And yet, the best solution Republicans, and far too many Democrats, can conceive is more supply-side tax cuts. And nobody wants to take a serious look at the problems on the demand-side, because that means facing up to some ugly truths about our own moral prejudices and the social consequences of modern post-industrial economics.
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