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Media's Deficit Hawks Fly Again -- Soon as a Democrat Takes Office
Macleod, Alan http://fair.org/home/medias-deficit-hawks-fly-again-as-soon-as-a-democrat-takes-office/
Publisher: FAIR
Date Written: 25/01/2021
Year Published: 2021
Resource Type: Article
On corporate media's predictions on government spending since a Democrat has assumed office.
Abstract: -
Excerpt:
A democrat has assumed office, and so, like clockwork, corporate media are here to play their favourite fame 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 the media had little problem with those tax cuts as they were happening (FAIR.org, 2/28/18), the party is now over, and its apparently time for austerity.
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