Saturday, August 6, 2011
The Debt: GOP, Tea-Partiers and my children
Help me understand why the GOP and Tea-Partiers are concerned about my children and grand-children and the debt…
They say we can no longer pile up the deficits and debt that have become all too commonplace since the days of President Ronald Reagan. Yes I know – they don’t recognize any debt or deficits before 2008 – you know – when that foreign born Kenyan socialist (communist) melanin enhanced fellow usurped our country’s government by declaring himself president. Please note the sarcasm - I support and voted for President Obama.
They say we have a spending problem that begins with the very programs that most of us have been paying a disproportionate share for since their inception. Let’s clear up one thing up front: these are already paid for entitlements and failure to honor them is the same as any fraud perpetrated by Bernie Madoff or Florida Governor Rick Scott when he was in charge of HCA. Since the wealthiest of us get some relief from the payroll related taxes for Social Security and Medicare after they have banked the tidy sum of $106,800 in earnings. You have to be earning more than $51.35 per hour to earn that break – and the wealthiest of us are sending those jobs off shore where they can be compensated at an even lower rate and starving those programs of funds – as the pool of salaries for the less affluent is redistributed upward to the more affluent (definitely not socialism!). A large part of compensation to the wealthiest has also magically become investment income instead of salaries or wages and therefore the payroll taxes do not apply.
Well since the moneyed class seems to be doing very well these days as, evidenced by the news that more luxury items are flying off the shelves than ever before, perhaps they can kick in a few extra bucks to help pay for the deficits and debt that threaten our future. Perhaps the industries and corporations that benefit from doing business in the United States can give up a few of the tax breaks they’ve enjoyed and which never seem to trickle down to the consumer can build some goodwill for the future. Perhaps these same companies – with the same rights that I enjoy (maybe a little less since the Patriot Act) - can pay their taxes instead of finding creative ways not to.
What’s that? The yell of the wounded orange-hued Speaker of the House and his evil laryngeal prominence enhanced troll Majority Leader and their human-turtle hybrid sidekick Senate Minority Leader say “HELL NO! We cannot ask of these mythical job creators share in the solution to the problems we’ve created within our lifetimes. No. Let the poor and middle class – who are already used to sacrificing do more sacrificing (along with their future progeny)”.
So if the upper 2%, corporations, GOP and Tea-Partiers don’t see this as a shared problem to be fixed with a shared solution that includes more revenue – why do they care about my kids and grandchildren? Are they afraid that their future generations will eventually understand the problem is shared and act like the grownups their parents and grandparents couldn’t? Their kids would want to be part of the solution instead of the problem? Perhaps they are just wishing for the USA to crumble under this debt so that their family and corporate fortunes can be taken into their new Eden – the Free Trade Agreement-land in the Global Economy.