Saw this over at The Corner:
Given the aggregate $7-10 trillion in additional debt envisioned over the next four years, Obama may well become the greatest redistributor in U.S. history, at last addressing his 2001 lamentation about the absence of meaningful “redistributive change” in America. The only question at this point is whether Obama’s gargantuan deficits are aimed primarily at lavishing constituencies with cash, or rather at making it necessary to raise taxes in a way that serves to reduce income inequality.
Given what we’ve seen in year one, the obvious answer is both.
