Lubbock Left

I found a fascinating article about the former Director of the Office of Management and Budget under Reagan who explains how Republican Party economic ideology has pushed us to the brink of a “New American Apocalypse.”

Here are the core principles of GOP economic folly:

* taking US currency off of the gold standard
* spending on borrowed money (when not necessary)
* deficits don’t matter when you cut taxes
* supply-side economics (to explain the previous point)
* essentially putting Wall Street in charge of our government (and, increasingly, our daily lives)
* encouraging our manufacturing to move offshore
* increasing disparity between the economic classes

This guy Stockman is no Keynesian, but he has, I believe, a strong explanation why and how the warped economic policies of the GOP over the last four decades are leading us to ruin.

Thoughts?