Sunday, November 11, 2012

Wile E. Coyote Must Be A Republican

One thing you can say for Republicans - they stick to their guns, even when those guns blow up in their face.

Now they're blathering on about the "Fiscal Cliff".

Child please.

We don't have a spending problem. We don't have a debt problem. We have a revenue problem. We had a surplus in 2000 until it was burnt up by tax cuts for the wealthy and two un-paid-for wars. Never in the history of our country have we cut taxes in time of war. It's fiscally irresponsible. We have had a redistribution of wealth, all right - but it has been from the bottom to the top.

Let's call these tax cuts what they really are: spending.

Corporate taxes and taxes on the wealthiest are the lowest they've been in 40 years - and yet that did not magically lead to jobs and prosperity; in fact, the result was the exact opposite. Regulations did not 'strangle growth' - instead it was the lack of regulation that led to the banks and Wall Street's horrific gambling with Other People's Money which led to the tanking of the American economy - and the price has been paid by the taxpayers who did NOT cause the problem.

"Privatize the Profits and Socialize the Losses" is the modus operandi that led to this debacle. So more of the same is going to fix it? Cut taxes and regulation and "Happy Days Are Here Again"? Really? If that was so magical, why didn't it work before?

We got out of the Great Depression by A. shared sacrifice during a time of war - which we did not do; instead, we got tax cuts (which means spending) and B. government investment in jobs which put money in people's hands (for working) which they were able to then spend to stimulate the economy.

Austerity is not gonna cut it, I'm afraid. We need to invest in America and Americans if we want to have a snowball's chance in hell to get a middle class again. This is a time of crisis when borrowing is necessary. It's triage - stem the bleeding first. When we're back on our feet we can talk about deficit reduction and the like.

4 comments:

Bukko Canukko said...

One of the things that gets me rileyed up like a coyote is when it comes to discussion about tax increases on "the wealthy," it's always put in terms of wealthy INDIVIDUALS, the G.I. Luvmoney class. Not a word is breathed about raising taxes on wealthy CORPORATIONS. I don't even see left-wingers mentioning higher taxes for corpos. Is it because it's easier to think about an issue when it's personified? Or have Americans become so inured to thinking about doing anything bad to corps that the possibility doesn't even cross their minds.

Kinda like when you're hungry, you don;t contemplate cutting off one of your legs and roasting it. "Oh, we must not do anything that would upset our corporate overlords, otherwise they might leave our country and the sun would go out and we'd starve to death in the frigid darkness!" I want to see some money squeezed out of the undying, sociopathic entities known as "corporations." Let them get back to paying the same share of national tax revenue as they did during the Eisenhower era, when it was (IIRC) about 36% of what the IRS took in.

Lichanos said...

Took the words right from my mouth, and the image I planned to use too, but I will anyway.

Cheers!

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