from the WorkingLife blog:
Deficit Rhetoric and Impoverishing Americaby Jonathan Tasini
Thursday 27 of May, 2010
If Democrats wonder why more than half the people in the country think that the party of FDR cares more about the concerns of big corporations, no need to look any further than this:
House leaders cut the cost of the package by roughly $44 billion, in part to address complaints from Blue Dog Democrats that the price-tag was too high. Some of the spending in the bill is offset with targeted tax increases on business, so the net amount the bill will add to the deficit over 10 years is $90.5 billion, according to a Congressional Budget Office estimate released Wednesday night.
There are 54 members of the Blue Dog Coalition in the House. Blue Dog members said the group will not vote as a bloc, and some Blue Dog members may ultimately support the package in its current form
Rather than invest in a huge jobs program, which the people truly need, there is foolish handwringing over the deficit--which is not a problem. And, of course, every time someone suggests helping the people, the switch goes off in some fool's mind (I'm sorry to use such language) labeled "tax cuts".
And you wonder why we have a crisis in the country.
http://www.workinglife.org/blogs/view_post.php?content_id=14888
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