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View Diary: Over half of all U.S. tax subsidies go to four industries (40 comments)

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  •  "This country is bankrupt" is the common GOP (2+ / 0-)
    Recommended by:
    lgmcp, lyta

    mantra.  Therefore, we cannot afford to [fill in your favorite program here].  Every time I hear it, I get upset.

    In reality, this country is almost obscenely wealthy.  Just one data point
    to illustrate - US per capita GDP of $41,976 is the third highest of 39 OECD countries and is 40% higher than the OECD average.

    The country is not bankrupt - but the government is getting there pretty quickly.  And it's all because of the Bush tax cuts (renewed by Obama, unfortunately), a decade of unfunded wars and the recession (in  turn caused by greed and fraud in the finance industry).

    If anything, this country is morally bankrupt.

    why I'm a Democrat - Isaiah 58:6-12, Matthew 25:31-46

    by marking time on Fri Nov 11, 2011 at 06:33:45 AM PST

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