It was an absurd theory that by cutting taxes you would increase government revenues, because the growth of the economy would create an overflow of taxes that would fall into the government coffers.
Sidney BlumenthalIt's absolutely crucial for the Democrats to have a sense of their history, of who they are, in order to be able to project their values and stand up for them.
Sidney BlumenthalBill Clinton was in the line of great progressive presidents who faced the realities in his own time and applied innovative solutions to problems.
Sidney BlumenthalIn a sense, George W. Bush has used the tragedy of the terrorist attacks of September 11th and the nightmarish expansion of his idea of a war on terror to overshadow his actual conduct in office on the redistribution of wealth upward through progressive tax cuts that actually penalize the vast majority of the public, and shift their resources to a narrow band at the very, very top.
Sidney BlumenthalIn every single case, the truth is that the atmosphere created by the Iraq invasion and the staggeringly mismanaged occupation has incited terrorists to act. It's been a contributing factor. It's unavoidable throughout Europe - in Spain, in Germany, in Britain. The truth is that we need long-term American policy to shift in order to really soak up and get rid of these sources of terrorism that threaten our Western allies.
Sidney Blumenthal