Showing posts with label class warfare. Show all posts
Showing posts with label class warfare. Show all posts

Friday, November 30, 2012

LADIES AND GENTLEMEN PLAY YOUR CARDS RIGHT

 

Excellent column by Paul Krugman in the New York Times.
The important thing to understand now is that while the election is over, the class war isn’t. The same people who bet big on Mr. Romney, and lost, are now trying to win by stealth — in the name of fiscal responsibility — the ground they failed to gain in an open election. 
....

Consider, as a prime example, the push to raise the retirement age, the age of eligibility for Medicare, or both. This is only reasonable, we’re told — after all, life expectancy has risen, so shouldn’t we all retire later? In reality, however, it would be a hugely regressive policy change, imposing severe burdens on lower- and middle-income Americans while barely affecting the wealthy. Why? First of all, the increase in life expectancy is concentrated among the affluent; why should janitors have to retire later because lawyers are living longer? Second, both Social Security and Medicare are much more important, relative to income, to less-affluent Americans, so delaying their availability would be a far more severe hit to ordinary families than to the top 1 percent.
President Obama and congressional Democrats hold the cards since the election.  Let's hope they play the game to the advantage of the great majority of the citizens of the country.  Keep in mind that the fiscal cliff is not that at all, but is rather a fiscal incline, and, if it comes to that, the slide down the incline will play a lot worse for Republicans than for Democrats.

Note to Mr President and Congressional Democrats: Hold the line!  (You don't need to tell me; I know I'm mixing metaphors.)

As for Thelma and Louise, they landed safely and moved to Mexico.

Monday, September 19, 2011

AND ISN'T IT ABOUT TIME?



From the AP:
Drawing clear battle lines for next year's elections, a combative President Barack Obama on Monday demanded that the richest Americans pay higher taxes to help cut soaring U.S. deficits by more than $3 trillion. He promised to veto any effort by congressional Republican to cut Medicare benefits for the elderly without raising taxes as well.

"This is not class warfare. It's math," Obama declared, anticipating Republican criticism, which was quick in coming.
Now if only President Obama and the Democrats hold the line on the taxes in the plan. And I want to know more about the details of the cuts to Medicare and Medicaid.
The Republican reaction was swift and bluntly dismissive.

"Veto threats, a massive tax hike, phantom savings and punting on entitlement reform is not a recipe for economic or job growth-or even meaningful deficit reduction," said Senate Republican leader Mitch McConnell. "The good news is that the Joint Committee is taking this issue far more seriously than the White House."
If the Republicans want to call it class warfare to ask the very richest people in the country to pay their fair share in taxes, that's fine with me. Right now the poor and middle income folks are losing the class war, and it's time to fight back against the greedy people and their supporters in Congress. The president's plan won't make it through Congress, but - Damn! - the Democrats will have a decent issue to run on in the coming election.

Thursday, July 28, 2011

Friday, April 15, 2011

SEN. DAVID VITTER WRITES


What Sen. Vitter wrote:
Dear Friend,

If you didn't get a chance to watch President Obama's address on fiscal policy yesterday, you might be better off. It was nothing more than a partisan campaign-style speech that doubled down on raising taxes.

What the president has failed to realize is that the problem isn't that our taxes are too low – it's that the current spending habits in Washington have created a recipe for disaster. The answer is not increasing taxes or perpetrating ugly class warfare, but to make bold spending cuts so we don't leave this fiscal mess for our children and grandchildren. Increasing taxes during this economy would seriously hurt America's job creators.

If it weren't such a serious problem, it would almost be comical that the president claims that Obamacare will help reduce the deficit yet fails to acknowledge how much his failed bailouts, stimulus and other reckless spending have contributed to the fiscal mess we're in....

What I wrote:
Dear Sen. Vitter,

I watched the speech, and I thought the president's suggestion that the rich pay their fair share of taxes for the privilege of living in this great country was one of the best parts of the speech.

I also noted that the president placed the blame for blowing the budget squarely where it belonged, on the tax cuts for the rich and two off-budget wars that were never paid for during the presidency of George Bush and his Republican cohorts running wild, including you.

You have a nerve, Sen. Vitter. Do you think I'm stupid?

June Butler

And if asking the richest amongst us to pay their fair share is "perpetrating ugly class warfare", then I quote George Bush and say, "Bring it on!"

UPDATE: My friend Counterlight reminded me in a comment of Warren Buffett's words in a CNN interview with Lou Dobbs:
BUFFETT: Yeah. The rich people are doing so well in this country. I mean, we never had it so good.

DOBBS: What a radical idea.

BUFFETT: It's class warfare, my class is winning, but they shouldn't be.


The interview took place in 2005! The inequities are even greater today.