Once again this week, the Peterson Foundation called a "fiscal summit" and the salivating dogs of the press were there on the spot to pay homage. From NPR to newspapers to cable news we heard once again about the purported need to reduce the deficit while doing the worst possible thing for deficit reduction, slashing revenue.
It's astounding that Peterson thinks we are so stupid that we believe the BIG LIE of trickle down non-economics still. Even more astounding, his institute wants, no, demands, huge added tax cuts for the rich. The fairy tale that tax cuts cuts solve deficits is is laughable. More laughable is that a man who has worked the system, not bettered it, but milked it, thinks he should run the show.