Six of one, half-dozen of the other.
Consider this an open letter to the Congressional "Super Committee," or gang of twelve - whatever you may wish to call them. (Keep it clean out there!) While you are considering how best to shaft poor, elderly, and working people (employed and unemployed) to bring greater benefits to our nation's rich, I ask - nay, demand - that you consider these items:
How we got here. I've heard a lot of people in Congress, as well as various talking heads, putting their spin on the orgy of ignorance that led us to the creation of your Committee, as well as the series of missteps that led us to Standard and Poor's decision to downgrade the nation's debt rating. The factual answer to those questions is simple - the Republican party, a wholly owned subsidiary
of corporate America, was driven by its most radical faction (the so-called "tea party") to manipulate the once mundane process of raising the debt ceiling for political gain. S&P's judgment that our government can no longer make rational decisions about its debt is based on their recognition that, from now on, raising the debt ceiling will involve a similar political standoff.
The decision to politicize the debt ceiling legislation - really just an authorization to accommodate borrowing already mandated by Congress through the budget process - has done perhaps irreparable damage to the faith and credit of the U.S. But even more importantly, it has backed us into a political process that is practically guaranteed to deliver to the G.O.P. precisely what they want: the gutting of Social Security, Medicare, and Medicaid.
Who owes what. I'm not happy with president Obama, but the notion that he and the Democrats are responsible for exploding deficit spending is ludicrous. As the New York Times reported recently, based on figures from the CBO and the Center on Budget and Policy Priorities, $1.44 trillion of the national debt can be laid at Obama's door; more than $5 trillion is attributable to his predecessor, including the FY 2009 deficit of $1.44 trillion, set before Obama took office. The Bush tax cuts have contributed $1.8 trillion; unfunded wars in Iraq and Afghanistan have pitched in more than $1.4 trillion. How is this an issue of "entitlements" ... unless that term can be used to describe tax cuts for wealthy people?
Seriously... (and apologies to Barney Frank) ... are we going to ask 90-year-old ladies living on less than $20k to do without cost of living raises while allowing those who clear more than $250,000 a year to keep an extra $30 per thousand? I think not.
luv u,
jp
How we got here. I've heard a lot of people in Congress, as well as various talking heads, putting their spin on the orgy of ignorance that led us to the creation of your Committee, as well as the series of missteps that led us to Standard and Poor's decision to downgrade the nation's debt rating. The factual answer to those questions is simple - the Republican party, a wholly owned subsidiary
of corporate America, was driven by its most radical faction (the so-called "tea party") to manipulate the once mundane process of raising the debt ceiling for political gain. S&P's judgment that our government can no longer make rational decisions about its debt is based on their recognition that, from now on, raising the debt ceiling will involve a similar political standoff.
The decision to politicize the debt ceiling legislation - really just an authorization to accommodate borrowing already mandated by Congress through the budget process - has done perhaps irreparable damage to the faith and credit of the U.S. But even more importantly, it has backed us into a political process that is practically guaranteed to deliver to the G.O.P. precisely what they want: the gutting of Social Security, Medicare, and Medicaid.
Who owes what. I'm not happy with president Obama, but the notion that he and the Democrats are responsible for exploding deficit spending is ludicrous. As the New York Times reported recently, based on figures from the CBO and the Center on Budget and Policy Priorities, $1.44 trillion of the national debt can be laid at Obama's door; more than $5 trillion is attributable to his predecessor, including the FY 2009 deficit of $1.44 trillion, set before Obama took office. The Bush tax cuts have contributed $1.8 trillion; unfunded wars in Iraq and Afghanistan have pitched in more than $1.4 trillion. How is this an issue of "entitlements" ... unless that term can be used to describe tax cuts for wealthy people?
Seriously... (and apologies to Barney Frank) ... are we going to ask 90-year-old ladies living on less than $20k to do without cost of living raises while allowing those who clear more than $250,000 a year to keep an extra $30 per thousand? I think not.
luv u,
jp
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