Showing posts with label Budget. Show all posts
Showing posts with label Budget. Show all posts

Monday, February 7, 2011

Republicans Seek to Fool the People


Republicans are out to prove that indeed you can fool some of the people all of the time.

Republicans say they are out to cut the deficit. Now, all studies on cutting the deficit have said a combination of spending cuts … across all areas, including defense and entitlements … and tax increases will be necessary. 

But not only have they ruled out any tax increases, they have exempted tax cuts from an examination of their impact on the deficit.  Thus they demanded that the Bush tax cuts for those earning more than $250,000 be extended despite the $100 billion negative impact on the deficit in just the two-year extension period.

Republicans also say they will create jobs.  But they have not indicated how they plan on addressing this goal … the discredited Reagan-era theory of the trickle down impact of tax cuts hasn’t even been broached.  Worse, by proposing to reduce the deficit solely by huge budget cuts in limited areas of the budget … they’ve taken defense and entitlements off the table … they will likely have a depressing impact on the economy at the state and local level and actually increase unemployment.

Republicans claim they are following the wishes of the people.  Yet contrary to their claimed mandate, recent polls of the public have consistently found that the deficit is not a top concern if cutting it has a negative impact on them.  They want job creation.

True to form, the Republicans are once again being hypocrites.  Their only real interest is protecting their wealthy corporate and banking industry donors.  Their policies show no concern for the average person or the common good.

Wake up, America!