The Orwellian Right is an ideologically coordinated and well funded group of think tanks, media personalities, as well as print and internet media, which seek to mislead the public by reframing issues in a manner described in George Orwell’s classic book “1984”. In that world Black = White and War = Peace.
After the Reagan tax cuts of 1981, revenues (in constant dollars) did not reach 1981 levels again until 1985. Because irresponsible borrowing to give tax cuts mainly for the wealthy can’t be sold on face value to the Public, the Orwellian Right conveniently ignored the drop in real revenues and redefined the rebound in revenues as “proof” of a Revenue Boom created by the 1981 tax cuts. In reality revenues rose because of natural growth in the economy, inflation, increased defense spending, and two massive Reagan-era take hikes. In the Orwellian world, hundreds of billions in revenue lost over 4 years = a revenue boom.
Por ulTRAX 18 de diciembre de 2009