This short excerpt is from an article by Paul Krugman published in The New York Times Magazine seven years ago today. Krugman argued we are not over-taxed as a nation, the wealthy received the preponderance of the Bush tax-cuts, and a huge fiscal crisis is looming.
[T]he coming crisis will allow conservatives to move the nation a long way back toward the kind of limited government we had before Franklin Roosevelt. Lack of revenue, [Grover Norquist] says, will make it possible for conservative politicians — in the name of fiscal necessity — to dismantle immensely popular government programs that would otherwise have been untouchable.
In [tax critic Grover] Norquist’s vision, America a couple of decades from now will be a place in which elderly people make up a disproportionate share of the poor, as they did before Social Security. It will also be a country in which even middle-class elderly Americans are, in many cases, unable to afford expensive medical procedures or prescription drugs and in which poor Americans generally go without even basic health care. And it may well be a place in which only those who can afford expensive private schools can give their children a decent education.
Seven. Years. Ago. Think he was wrong?
The crap thing about this whole situation is that, as prescient as Krugman was, people in power STILL aren’t paying attention to what he says now. And the hole keeps getting deeper.