First off, we're not in a recovery, not by a long shot, and not until the fraud and corruption that caused it is rooted out and uncovered.
Second, what discredited economic theory? Cutting taxes and cutting spending will invite private investment, which is the one thing that will revive the economy, minus the fraud and corruption that caused the collapse in the first place. Neoliberalism is what is discredited, or will be, if we survive the Fed.
The rest of your piece hinges on the first two points, and there's no point in further discussion. "History bears out the value of public investment"? Not when it crowds out private investment. The problem is federal, the symptoms are local and state.
The middle class is an endangered species, unless wealth and income disparity and corporate tax reform is addressed.
Statement from the Budget and Tax Center on HB 200 Passing the House
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