Media’s Deficit Hawks Fly Again—as Soon as a Democrat Takes Office
Alan MacLeod- A Democrat has assumed office, and so, like clockwork, corporate media are here to play their favorite game of pretending to suddenly be deeply concerned with the deficit and the nationa
If raising the national debt is “Trump’s most enduring legacy,” as the Washington Post (1/14/21) suggests, then it follows that in order to reverse that legacy, President Joe Biden will have to reduce the debt.
A Democrat has assumed office, and so, like clockwork, corporate media are here to play their favorite game of pretending to suddenly be deeply concerned with the deficit and the national debt. Debt has risen sharply after a Covid-induced economic crash and rounds of enormous Trump tax cuts (the last of which gave 82% of the benefits to the richest 43,000 Americans, while only 3% went to those earning less than $100,000 per year). While media had little problem with those tax cuts as they were happening (FAIR.org, 2/28/18), the party is now over, and it’s apparently time for austerity.
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