Manifesto of Appalled Economists: The Shocked and the Outraged (tags)
Tax cuts for the super-rich and corporations promised economic growth and more jobs but produced exploding inequality and generalized insecurity. The US faces a revenue crisis and a war spending crisis. Tax cuts, wars and bailouts of banks and firms caused massive US deficit.
Manifesto of Appalled Economists (tags)
State debts may be caused more by reduced corporate tax revenues than excess spending. Through "location competition," corporations play off state and countries and harvest tax write-offs and sweetheart-assessments. Through "state capture," the state becomes a trough.