A DINO President Created a Detrimental, Doofus Deficit Commission
Well, you thunk wrong.
It's Obama and his crew that pushed a deficit commission mainly filled with Reaganites, Bushites and Clintonites (you know, the Dems who act like Republicans) who have their knives out for Social Security and Medicare but will not effectively increase the tax rate for the wealthy but cling to regressive taxation and plutocracy.
As Dave Johnson writes at Our Blog:
"Have you noticed that there is a very odd logic around the DC Beltway deficit-cutting frenzy? Here is the basic argument:
"A) Things worked great back when taxes on the rich were high. We built up the infrastructure that made us prosperous, and we built up a middle class. We didn't have budget deficits. There were many other benefits to the economy, society and our democracy. They were America's golden years.
"
Then we cut tax rates for the rich and massively increased
military spending. Since then -- and because we did those things -- the
budget and the economy have gone to pot. We had to cut education, stop
maintaining the infrastructure, and cut all kinds of things that
benefit regular people and make the economy grow.
Wealth has concentrated at the very top, and regular people are falling
further and further behind. The budget cuts made us "eat the seed corn"
and now the country has lost its competitive edge in the world's
economy.
"C) Therefore we have to cut spending even more on things that benefit regular people and grow the economy (and especially on Social Security for the elderly). But we must not touch spending on the military even though we spend more than all other countries on earth combined, and military spending hurts the economy. Raising taxes on the rich back where they were before cutting them started all the trouble is flat-out off the table.
"But ... but ... but ...
"As Homer Simpson would say, 'D'oh!' "
Well, what did you expect from a placatory DINO administration and a spineless DINO Congress?



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