Alan Grayson: Five Things The Rich Can Do With Their Tax Cuts (VIDEO)
Thursday, November 18, 2010
If Bush's tax cuts are allowed to expire as they are set to on December 31st, the deficit would be cut in half, instantly.
If the tax cuts are continued for the rich, we would have to borrow $700 billion to pay for it.
If the tax cuts are continued for everyone, we would have to borrow $3 trillion to pay for it.
And if there is a 2-year extension "compromise", we would still have to borrow $70-140 billion for the rich's portion and $383 billion for the middle class's portion.
Obama is expanding the wars into Yemen.
Where's the money coming from?
Obama and Democratic leadership have already indicated they're on board with Social Security cuts, privatizing, etc.
There should be tax HIKES on corporations and the rich. There should be massive cuts to the military. Banks should be threatened with nationalization unless they begin lending to small businesses.
Democratic politicians should be beating this drum, loudly and constantly.
How cowardly of Democratic politicians to leave it to an outgoing congressman in this lame duck session to put on this show.
Has anybody seen the Democratic leadership lately? Where is Obama? Where is Harry Reid? Where is Nancy Pelosi? Where is Steny Hoyer? Where is Jim Clyburn? WHERE ARE THE PEOPLE'S LEADERS???
Come to think of it, where's Elizabeth Warren? Weren't her supporters, the ones who assured everyone it was just fine for her to take an advisory role to Obama instead of one with teeth, with power, saying we'd be hearing from her all the time, calling Obama and Geithner out?
Read the Article at HuffingtonPost
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