12/5/10

Intellectually Weak, Spoilt Congress, Drifts Toward Tax Cuts & Deeper Public Debt

Never do today what you can put off for a year or two is contemporary Congressional thought on balancing the budget. An intellectually weak Congress appears set to succumb to fiscal relativism once again and deepen the public debt. A bad hillbilly ethos (the good ones have balanced budgets) makes putting the poor to work and keeping out cheap foreign immigrant labor priority last. The Bush era tax cuts and military spending increases created the present high unemployment rate. Wall Street and the rich are prospering. Extending tax cuts is McConnelnomics of royal advantage for the rich while the nation rots. Molly coddling supremacist dissimulation is weak dogocratic party policy choose letting America degrade.

. Better democratic leaders would have made short work of the McConnell palaver and the fatuous war against terror methodology as well. Let the tax cuts expire and negotiate from a position of strength. Party extremists may actually believe their kookonomic debt deepening will employ the poor right away or simply wish to sell out the U.S.A. to global rule.

Give the middle class its money back through rebates if they too are unwilling to help the nation recover economically. Give just 50% of benefits for extended unemployment payments.

President Obama and the lame duck Congress appear ready to cave in to Republican demands that wealth be concentrated and historically low taxes continue for the ultra-rich. The Congress may sign off on across the board tax cuts without correspondingly cutting spending significantly in order to help Wall Street continue to rise and let Scrooge plan his global strategies better.

http://www.foxnews.com/politics/2010/12/04/obamas-leadership-scrutiny-amid-negotiations-gop/


Extending unemployment benefits again-going on 18 months is unprecedented -another charge it to those for the decline and fall period of American history. Tax cuts, a jobless recovery and rising unemployment (9.8%) with more free trade pacts (S. Korea) and a public debt today

http://www.brillig.com/debt_clock/

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