Monday, December 6, 2010

Reflecting on the Tax Cuts

As President Obama prepares to walk back on one of his signature campaign promises, I want to bring your attention to a quote from Alexis de Tocqueville; a chilling forecast of the political reality we inhabit.

"When the taste for physical gratification among a democratic people has grown more rapidly than their education and their experience of free institutions, the time will come when men are carried away and lose all self-restraint at the sight of the new possessions they are about to obtain. In their intense and exclusive anxiety to make a fortune they lose sight of the close connection that exists between the private fortune of each and the prosperity of all."
-Alexis de Tocqueville

Paul Krugman's thoughts

A retiring Republican Senator taking a stand against keeping the tax cuts

1 comment:

Tim Ryan said...

I think this is the last straw for me. If the President is going to be this spineless when the House transition hasn't even happened yet, how can we have any hope for the next couple years?