The Tea Party’s Modest Proposal
Jonathan Swift once wrote that, “Party is the madness of many, for the gain of the few.” That sums up America's Tea Party faction of the Republican Party, which has shown that it is willing to impose dramatic costs on the US economy and to ensure significantly slower growth.
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WASHINGTON, DC – America’s Tea Party has a simple fiscal message: the United States is broke. This is factually incorrect – US government securities remain one of the safest investments in the world – but the claim serves the purpose of dramatizing the federal budget and creating a great deal of hysteria around America’s current debt levels. This then produces the fervent belief that government spending must be cut radically, and now.