The Economist magazine has an article on how to reduce inequality while maintaining economic growth. They call it “True Progressivism”. Among their prescriptions are:
* Eliminating tax subsidies for the wealthy like the mortgage interest deduction
* Means testing of entitlements, which Republicans always propose but Democrats always shoot down
* Cracking down on teachers unions
* Ending government bailouts of big companies
Wow – who would have thought Romney/Ryan are the “True Progressives”?
Not unexpectedly, in the article The Economist doesn’t t admit that the above prescriptions are much closer to the Romney agenda than the Obama agenda – in fact they’re anathema to the Obama agenda.
What’s wrong Economist? Can’t you bring yourself to say that in order for these things to have a shot at happening, Romney/Ryan are the way to go?
Waiting with baited breath to find out who The Economist endorses this time.
Update: Wouldn’t ya have guessed it: they endorsed Obama.