10 Membranes

26/11/2008

“ 

[US Government debt] is a direct result of [Bush’s] tax cuts, 47.4 percent of which went to the top 5 percent of the income bracket, 36.7% percent of which went to the top 1 percent, and 15 percent of which went to the top one-tenth of 1 percent, typically people making $1.6 million a year or more.

In other words, we ran up the national credit card so that the biggest beneficiaries of the global economy could keep an even bigger share of the take.

 „

Barack Obama in The Audacity of Hope.

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