World-News

Ellen Brown, Truthout: 'Former Vice President Dick Cheney famously said, 'Deficits don't matter.' A staunch Republican, he was arguing against raising taxes on the rich; but today, Republicans seem to have forgotten this maxim. They are bent on stripping social programs, privatizing public assets and gutting unions, all in the name of 'deficit reduction.' Worse, Standard & Poor s has now taken up the hatchet. Some bloggers are calling it blackmail. This private, for-profit rating agency, with a dubious track record of its own, is dictating government policy, threatening to downgrade the government s long-held triple AAA credit rating if Congress fails to deal with its deficit in sufficiently draconian fashion.'

http://www.truthout.org/cheney-was-right-about-one-thing-deficits-dont-matter/1303850419



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