THE 400 RICHEST

The Bush tax cuts have devastated our national budget. Taxes have now fallen nearly 20 percent below the nation’s historical average. GOP Bruce Bartlett, from the Reagan administration, says “Taxes are ridiculously low, and yet the mantra of the Republican Party is ‘Tax cuts raise growth.’ So – where’s the f-ing growth?”

According to former Republican Senator Lincoln Chaffe, now Governor of Rhode Island, “The Republican Party went on a tax-cutting rampage and a spending spree!” He blames the two unfunded wars and the new Medicare prescription drug entitlement that was not paid for. “It tanked the economy.”

Economist Glenn Hubbard, an architect of the Bush tax cuts, says that there should have been a “revenue contribution” to the debt-ceiling deal, “structured to fall mainly on the well-to-do.”

Historically, Republicans have understood the importance of tax-hikes to balance the federal budget. “It was not a Democrat who led the effort in 1982 to undo about a third of the Reagan tax cuts,” recalls Robert Greenstein, president of the nonpartisan Center on Budget and Policy Priorities. “It was Bob Dole.”

Even Reagan embraced the tax hike, Stockman says, “because he believed that, at some point, you have to pay the bills.”

More and more Republicans from the Reagan/Bush administrations are coming out to say that the current GOP has gone off the deep end! The sad fact is: The GOP isn’t even rational anymore.

The Repubican party isn’t the party for our country, they’re the party for the 400 richest and the 1%.