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You are here News Editorials Friedman: Made in the U.S.A.: Socialism for the Rich. Capitalism for the Rest.

Friedman: Made in the U.S.A.: Socialism for the Rich. Capitalism for the Rest.

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Socialism for the Rich

I understand why Democrats are fuming.

Donald Trump ran up budget deficits in his first three years to levels seen in our history only during major wars and financial crises — thanks to tax cuts, military spending and little fiscal discipline. And he did so prepandemic, when the economy was already expanding and unemployment was low. But now that Joe Biden wants to spend more on pandemic relief and prevent the economy from tanking further, many Republicans — on cue — are rediscovering their deficit hawk wings.

What frauds.

We need to do whatever it takes to help the most vulnerable Americans who have lost jobs, homes or businesses to Covid-19 — and to buttress cities overwhelmed by the virus. So, put me down for a double dose of generosity.

But, but, but … when this virus clears, we ALL need to have a talk.

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