Monday, April 11, 2011

Budget Debate: Obama To Lay Out Spending Plan


"To be sure, the GOP had succeeded in turning what's usually a fight over spending into a series of battles over spending cuts – a thematic victory for House Republican­s swept to power by a populist mandate for smaller, more austere government­."



Let's be clear here, what the Republican­s are selling is Country Club Populism, not Populism, and slowly but surely the American people, including the Republican­s own Tea Party base, are cluing into that fact. Remember there was a Television Show about the Eisenhower era of 90% taxes on the top income earners and it was called "Happy Days".



The President needs to push the raising taxes on the rich, closing corporate loopholes, and institutin­g a transactio­n tax on Wall Street. It is obvious to anyone honestly looking at the situation that the United States has a revenue problem that throwing the elderly off Medicare and Social Security won't solve.
Read the Article at HuffingtonPost

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