Today is Wednesday, December 23, 2013. My stats today: 45 minutes of walking = 2.5 miles for a December total of 44.0 miles. My weight was 167.2 pounds - I'm getting fat.
QUOTE from Pete Bungum: " He knows nothing and he thinks he knows everything. That points clearly to a member of the Tea Party."
My THOUGHTS today are on Pope Francis. About a month ago Pope Francis released a paper he wrote about his populist philosophy. He sharply criticized the conservative trickle-down economic theory favored by Reagan.. He said, "This theory assumes that economic growth, encouraged by a free market, low taxes, and little or no government regulation will inevitably succeed in bringing about justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naive trust in the goodness of those wielding economic power. Meanwhile, the excluded are still waiting." It has been 33 years since Reagan took office and this philosophy has led to growing economic inequality between the haves and the have-nots. But the conservatives still believe it will - how stupid. Trickle-down is supposed to lead to more jobs and income for the rest of society. The 33 year history of it proves that trickle-down doesn't trickle very far - only to the to the top 1-5% or so.
I agree 100% with the Pope. In the 1980s I was saying the same thing as the Pope. In eight years of Reagan we saw tax cuts for the rich, a tripling of the national debt, factories closing, jobs being sent overseas, and the middle class shrinking. The trickle-down wrecking ball had begun it's negative work on the economic future of the U.S. - a few more "haves" and millions more "have-nots."
Trickle-down only works for the top 5% - it's as plain and simple as that.
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