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Good News Fifth Thursday: Starving the Beast is Still the Loudest Dog Whistle

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The rich have a corrupt bargain with all of the Republican factions. Cut taxes for us, and we will use those tax cuts to blow out the budget and force Democrats to agree to cut social programs under the Dog Whistle Starve the Beast. But no more.

On July 14, 1978, economist Alan Greenspan testified to the U.S. Finance Committee: "Let us remember that the basic purpose of any tax cut program in today's environment is to reduce the momentum of expenditure growth by restraining the amount of revenue available and trust that there is a political limit to deficit spending."

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Alan Greenspan, the “mumbler with great authority” was a RW darling for holding down inflation, by which he and they meant any increases in wages.

The earliest use of the actual term "starving the beast" to refer to the political-fiscal strategy (as opposed to its conceptual premise) was in a Wall Street Journal article in 1985, wherein the reporter quoted an unnamed Reagan staffer.


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