Oinkonomics?(The Taxonomist)
American Prospect, The, July, 2004 by McIntyre, Robert S.
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Congress seems on the verge of enacting a major new corporate-tax giveaway bill this summer. Ostensibly designed to protect American manufacturing jobs, it will almost certainly have the opposite effect. But hardly any of our lawmakers seem to understand--or care.
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These days, every dollar we add to our budget shortfall is another dollar that we have to borrow from foreigners. That in turn is another dollar that foreigners won't use to buy our exports. So if our politicians really wanted to help manufacturing jobs, they'd be working hard to attack our enormous budget deficit by ...
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