Our spending problem is the bloated Military Budget, Corporate Subsidies, tax advantages for the rich, and preferential treatment of some types of income over income earned by labor.
We also have an income problem. We have the lowest federal tax rates since 1950. Tax cuts made the rich richer, the poor poorer, and the middle class in insurmountable debt. Lower taxes didn’t create jobs or strengthen the economy, at least not in the U.S. We need new tax brackets for each millionaires and billionaires.
The rabid right is willing to destroy the economy, push us into default on our debt in order to further their political goal of preventing election of Obama to a second term. That has been their sole goal from day one, at any cost to America or Americans.
Cutting government spending now will be disastrous for the private sector. “Why cutting government spending now would be disastrous.” http://bit.ly/bvTEuS
There are other alternatives as well: Budget of the Congressional Progressive Caucus: Fiscal Year 2012: Read the People’s Budget http://bit.ly/g7aep8 and my own 2 cents Nobody asked me, but here’s my solutions. http://bit.ly/bvTEuS
The best way to solve our debit and deficit problems is to revitalize the economy and create good living wage jobs. What has this congress done to improve the economy or create private sector jobs? Nothing, because that’s not in GOP’s best political interest. Our unemployment is high because the rabid right wants it that way.