Many Republican U.S. legislators' comments and The Chronicle's Feb. 10 stimulus package editorials ("Placing fear over facts," "The Worst generation?") refer to "generational theft." It is clear to me that it is the trickle-down, giving tax breaks to the wealthy, that has led to the present chaos and worst generational theft in our history.
It started with Ronald Reagan, the king of generational theft, and was continued and amplified by its emperor, George W Bush. I'll never forget hearing Reagan say that he saw no difference between government borrowing and government taxing to pay for his unprecedented increases in armaments, while giving massive tax breaks to the wealthy.
That is what generational theft is, and G.W. followed Reagan's direction with gusto into the hole we now find ourselves. Even so, in a way that seems the height of bullheadedness, these people argue against any element of the stimulus that is not trickle-down.
Thank God that President Obama understands this, and we finally have a chance to change direction.