Conservative Economic Hysteria In 1993 And Today

Chait: "One aspect of the current bout of right-wing economic hysteria that nobody seems to mention is that the exact same thing happened in 1993 when Bill Clinton passed a deficit reduction bill that raised the top tax rate. It was class warfare, socialism or worse. Publications like Forbes and Fortune wrote stories urging rich people to give up their citizenship or flee the country in order to spare themselves Clinton's punitive anti-rich policies. There were bumper stickers depicting the "C" in "Clinton" as a hammer and sickle."