Well, in the 11th hour, congress passed a bill designed to take from the middle class and give to the wealthy. It has proven, once again, that President Obama cannot govern, and that corporations have a complete stranglehold on this country.
Everybody who has a modicum of political sense knew the debt ceiling debates were nothing more than political theater. It has all happened before with the Bush Tax Cuts extension.
The debt ceiling deal is pretty simple. There will be $1 trillion in immediate cuts, with an additional $1.5 trillion to be done by the “Super Congress.” One should almost feel bad for these 12 saps.
There will be three members from each party in each house of Congress which will comprise it. These 12 people will be the scapegoats for the rest of Congress.
The thing that makes this so pathetic is that they can’t even suggest doing anything useful, like raising taxes. That was another part of the deal – no tax increases whatsoever.
But raising taxes is essential for the welfare of the middle class. A simple solution is to let the Bush Tax Cuts expire on all brackets, since the middle class would hardly notice the increase. Only the rich would feel the significant increase. This is justified: the rich have the lowest taxes that they have had in almost 80 years.
Another thing America must do is slash the military budget. America’s military budget is bigger than the top ten nations combined. In 2008 we spent over $600 billion in two meaningless wars.
The final way, and this is a controversial one, legalize drugs. Prohibition was ended largely because the country needed money. There are hundreds of billions of dollars this nation could be taxing and regulating. One would think it’s a no-brainer.
But this country won’t do any of those things. As the debt deal showed, this nation has been working to help the rich for a very long time.
“The Democrats are failing to stand up to Republicans and failing to enact sensible reforms that benefit the middle class because they genuinely believe there’s political hay to be made moving to the right. They’re doing it because they do not represent any actual voters,” said Matt Taibbi, a respected political blogger, wrote in an article for Rolling Stone.
The fact is that the current way of doing things is only there to benefit those who have the money, and who have no intention of spending it to help the economy. This is something the kamikaze Tea Party seems to not understand.
When the rich don’t spend, and the middle class can’t spend, the only thing left to throw money into the agape jaws of Wall Street is the government. And if we tell the government they can’t do that anymore, this country’s economy may slip back into an even worse recession.
Keith Olbermann had a brilliant perspective on this issue in his latest “Special Comment.”
“Where is the outrage to come from? From you!” he said. The people need to be outraged. From Alaska to Florida, all people need to be outraged.”
Americans are still hostages, and they don’t even know it. There needs to be outrage. Is there?