Video of the Moment: companion video to the Elizabeth Warren meme [View all]

[Dark n Stormy Knight]

OK, maybe the moment was 4 and half years ago, but, with all due respect (and that's a lot of respect) to Elizabeth Warren, I don't think anyone will every explain trickle down quite as well as Stephen Colbert did in this The Word segment:


And here is a transcript of the best/worst part, (The words from the screen next to Colbert a re shown in parentheses after the related script text.) But, watch the video. It's hilarious.

Yes. Deficits do matter. And that is as true today as the last time a Democrat was in office. (Back then we called them surpluses) In fact, Republicans have put their deficit nuts on the table. By repeatedly filibustering benefits to 15 million unemployed Americans, because that would add $33 billion to the deficit. And that would just be passing that bill onto future generations. (Of Chinese)

So, arguing to add $1 trillion to the deficit to give these tax cuts to the wealthy makes it look hypocritical and heartless. (Instead of just hypocritical) Well, here's why they're not. Economists know tax cuts for wealthy Americans benefit everyone. It's even got a name. ("Self-serving rationalization&quot

It's called the "trickle down theory". Here's how it works. Let's say I'm in the top 3% of wage earners. Because I am. And this Bud Light Lime is a refreshing tax cut. With lime. (Tastes great, less filing) Now, the bigger my tax cut is, the more money I can pour into the system.

Then, very soon, the benefits will work their way through the system, and trickle down. I mean, like a racehorse. Then, the other 97% of poorer Americans are welcome to have as much of that as they can collect. (Transcript courtesy of this Daily Kos Diary.)