June 7, 2011

Opportunity Cost: What the US Gave Up for 10 Years of Tax Cuts

"ThinkProgress, using data on various social spending projects from the National Priorities Project – which does these calculations for the cost of the Iraq and Afghan wars – has estimated ten other possible policies we could’ve paid for at the same $2.5 trillion price of the Bush tax cuts. . . . For the same price as the Bush tax cuts, which did little to help the economy, we could’ve sent tens of millions of students to college, retrofitted every household in America with the capacity to generate alternative energy, hired millions of firefighters and police officers, effectively ended our national shame of having kids who lack health care coverage, or put millions of more teachers into classrooms. . . . " Details here.

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