Stan Collender at Forbes says that trillion-dollar deficits will be "the new normal" under President Trump. We suffered four consecutive trillion-dollar deficits under President Obama largely because of a massive economic downturn, but the coming trillion-dollar deficits will result entirely from policy -- specifically the massive tax cuts for rich folks and corporations that Mr. Trump has proposed and Congress's relative distaste for the spending cuts he's also proposed. Naturally, the same right-wingers who squealed over the Obama deficits have nothing to say about the coming Trump deficits. They certainly won't advocate taxing the rich harder.
Another day, another right-wing moron claiming that keeping the top tax rate for millionaire income is "class warfare." It gets better: "we have divided our nation on almost every level: socioeconomic, gender, race, and now we’re going to divide on class and divide on wealth? When is it that we unite on things that we actually could agree on?" By his logic, of course, anti-racists are the real "dividers," not racists, but we could more easily "unite on things that we agree upon" if our political class weren't constantly shoving evil, hateful legislation down our throats.
The incomparable Michael Hudson at Counterpunch describes the real aims of socialism 100 years ago -- to free us from monopolies, landlords, and financial predators -- and measures how far we've fallen in achieving these aims since 1917. So if you called that center-right President Barack Obama a "socialist," or if you tell everyone that America is slip-sliding into socialism and why can't you see it?, then you really ought to read Mr. Hudson's article and then hang your head in shame. Also, the irony of Russia's transformation from failed Communist state to right-wing capitalist state (seriously, a flat tax and a national sales tax?) should not be lost on you.
I'll just let the headline speak for itself: "NYT Laments 'Forever Wars' Its Editorials Helped Create." I mean, thanks for getting on the bandwagon, New York Times, a mere 15 years after nearly everyone I know got sick of yet another war fought on yet another flimsy pretext. Lesson: ignoring your own history isn't a right-wing thing -- it's a thing all of Our Glorious Elites do. And for them it's a matter of survival, for how else could you look yourself in the mirror in the morning?
Finally, Corey Robin reminds us that we shouldn't look at George W. Bush through rose-colored glasses now that Donald Trump is President. Having come through Tha Bush Mobb years alive does, I suppose, lend itself to that temptation -- though those who didn't come through it alive would testify differently! -- but I do confess that I began a lot of sentences with "at least Reagan didn't" back in the day. Of course I now understand that the reason "Reagan didn't" wasn't because he was better, but because destroying the New Deal consensus was a lot like turning around a cruise liner. And I think Tha Bush Mobb years are a little fresher (or, more precisely, ranker) in our minds than that, so hopefully we won't "burnish() the past -- something you can only do because it’s no longer in front of you -- and dehistoriciz(e) the present."