writeaboutwarming

June 20, 2011 – BOOK REVIEW. The Politics of Bad Ideas: The Great Tax Cut Delusion and the Decline of Good Government in America. (2008). Bryan D. Jones and Walter Williams. Depending upon whom you read and believe, Americans pay less in taxes today than at any time since either 1958 or 1950, take your pick. Coincidentally, American indebtedness now totals over 100% of annual GDP, for only the second time in American history (the first time was the result of militarization in order to fight World War II). Let’s see now – the government has chosen to reduce its income while, at the same time, spending more than it has ever spent in peacetime. When individuals spend more money than they earn, it comes as no surprise that they eventually wind up insolvent. Why Republicans insist that a similar course of action is not only worthy of consideration, where governments are concerned, but actually advisable, is the subject of Jones’ and Williams’ book. Isn’t it interesting tha...