Quote of the Day: Yanking the IVs

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From James Galbraith, writing about our badly misguided approach to reviving the economy:

Federal budget deficits in this situation are like IV-bags in an emergency room: they stabilize things. IV’s are definitely linked to sickness, and no one would use them if they weren’t necessary. But very few doctors propose to cut back on saline while the patient is still sick. Today, however, the official economists and their followers in Congress, the White House and the media are divided between those who would remove the IV’s slowly, whether the patient recovers or not, and those who’d like to charge through the wards, yanking needles from arms. The debt deal enacted earlier this month put the first group in charge, but that’s pretty cold comfort.

We are doomed.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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