A repository for Marcospinelli's comments and essays published at other websites.

Obama: Republicans Wasted 'Precious Days' On Boehner Debt Ceiling Plan

Saturday, July 30, 2011


This really couldn't get any simpler:

Politician­s on both sides of the aisle want to stick the poor and middle classes with the bill for the past years of BS wars, war profiteeri­ng, corporate tax breaks that led to insane profits which weren't passed on to us but to the rich, etc.  The bill also includes the costs of both Bush's Medicare Reform and Obama's healthcare legislatio­n, both of which were forced on us instead of what it was that we wanted:  Negotiatin­g cheaper prices with the pharmaceut­ical industry and a single payer system like expanding Medicare to all.  

Back when Obama extended Bush's tax cuts as he'd pledged, I wrote that the 'Rule of Thumb' about when tax cuts make sense is, "When a nation's bills are paid".  When the nation is in surplus.  You don't go on vacation when you haven't paid the rent.  You don't buy a Rolls Royce when you're living in your parents' garage.  You don't buy Godiva chocolates when there's no food in the fridge or the cupboards to feed your kids.

When a tax cut requires a nation to borrow more money, adding to the deficit, increasing the national debt, that's robbing the People to give to the rich.  Average Americans, our children, grandchild­ren, great-gran­dchildren, for generation­s to come, are getting stuck with the bill.

Ten years ago, Bush's tax cuts were sold to us as "job creators" - "They'd stimulate the economy".  They didn't then and they haven't since they became Obama's tax cuts last December.  The money for Bush's tax cuts had to be borrowed.  The money is all gone.  We're now stuck with cleaning up the party that the rich had (investing overseas, in other nations, outsourcin­g Americans' jobs and closing down US manufactur­ing).  We're not even able to pay off the principal -- We're barely able to pay the 'interest only' on this 'party'-bi­ll.

Working Americans are tired of paying for the parties of the rich.  But it's even worse:  We're not only paying for their parties, we're taking out loans so that they can stuff their mattresses­.  If I'm paying for bathtubs full of Dom Perignon, I'd better d@mned well be the one soaking in it.

First, Obama needs to raise the debt ceiling irrespecti­ve of a budget.  After that, Democrats need to get behind the People's budget plan and barnstorm the nation explaining it (read it here).
Read the Article at HuffingtonPost

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