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

Obama Speaks On Latest Payroll Tax Cut Developments

Thursday, December 22, 2011


Obama is the gr!fter leading off the second half of the con game, which is to squeeze the rest of the dimes from the poor and middle classes. It began with part 2 of Bush's Medicare Reform Act of 2003 (high-pric­ed junk health insurance that has no cost controls), continues with more *AFTA treaties (outsourci­ng more Americans' jobs) and "payroll tax 'holidays'­".

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. There have been more than 3.5 million home foreclosur­es but there are 11 million more in the pipeline -- There must be principal write-down­s.

Democratic politician­s should be beating this drum, loudlyconstantly, and pushing the People's Budget instead of working off of a set of corporate lobbyists' plans.  

Why aren't Obama, Pelosi, Reid and Democrats talking about the Progressiv­e Caucus's budget and plan to balance the budget (reduces the deficit by $5.1 trillion)?  It beats Obama's AND Republican­s' plans.

As Krugman has said, the Progressiv­es' budget:

"balances the budget through higher taxes and defense cuts, plus some tougher bargaining by Medicare (and a public option to reduce the costs of the Affordable Care Act). The proposed tax hikes would fall on higher incomes, raising the cap on payroll taxes (takes care of Social Security's solvency forever)..­. and unlike the Ryan plan, it actually makes sense."
 
But Obama takes solutions that work for the People, the vast majority of Americans, off the table.  Whether it's ending Bush's tax cuts or the wars, the '14th Amendment Solution' (and it was, indeed, a legitimate option), etc., Obama kneecaps and handicaps the Democratic voters who put him and Democrats into power.  

KEEP READING

Read the Article at HuffingtonPost

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