Maiello: Where Your Tax Dollars Go
Doc Cleveland: Copyright vs. Truth
It seems the Obama administration may be eager once again to 'give in' to Republican bullying, threats and demands, to 'get a deal' on the debt limit raise and the deficit. We saw it when he dropped single payer. Again with the Dec. 2010 deal on extending the Bush tax cuts. Obama now may be ready to do what George W. Bush with a Republican Congress was unable to do in 2005. That being, to deliver on permanent cuts to Social Security, Medicare and Medicaid, while not including in the legislation any return of pre-Bush tax rates for the wealthiest Americans, who (top 1%) own 90% of the country's financial assets. Now that running for President costs a billion dollars, has the middle class been priced out of our democracy?
NYT: The president’s renewed efforts follow what knowledgeable officials said was an overture from Mr. Boehner, who met secretly with Mr. Obama last weekend, to consider as much as $1 trillion in unspecified new revenues as part of an overhaul of tax laws in exchange for an agreement that made substantial spending cuts, including in such social programs as Medicare and Medicaid and Social Security — programs that had been off the table.....House Democrats have their own fears about the negotiations, which they expressed in an hour long meeting Wednesday night with Treasury Secretary Timothy F. Geithner.
“Depending on what they decide to recommend, they may not have Democrats,” Senator Sheldon Whitehouse, a Rhode Island Democrat, said in an interview. “I think it is a risky thing for the White House to basically take the bet that we can be presented with something at the last minute and we will go for it.”
....Aides to Mr. Boehner said that no tax increases were on the table and that he had not agreed to the expiration of any tax cuts....
Obama 2012, vote for me because the Republicans would have screwed you worse?
Who do you think will be hurt more under the final plan, who will 'feel the pain'? A hospital barely breaking even treating large numbers of Medicaid/Medicare patients, an unemployed person who can't find a job and is losing hope, or the hedge fund trader Nick Kristof mentions who pulled down $4.9 billion last year, and who pays no more than 15% in taxes? My bet is it won't be anyone in a corporate board room, or anyone on Wall Street.
......we did not elect him President in order to dismantle the great social programs which are reflective of the great and exceptional nation of which we are so justly proud. We do not insure our greatness by vitiating our vision! We do not reinforce our strength by relinquishing our principles!, and we do not move forward by turning back to a day gone by!
It has been said, only a Democrat as President can cut or eventually end the progressive social programs of the New Deal, is that what is happening now?