The 1% Win Again

Plutocracy

Plutocracy

“Almost without exception, every proposal put forth by GOP lawmakers and presidential candidates is intended to preserve or expand tax privileges for the wealthiest Americans. Most of their plans, which are presented as commonsense measures that will aid all Americans, would actually result in higher taxes for middle-class taxpayers and the poor.”
Tim Dickinson

The 12-member, bipartisan Super Committee officially failed to agree on a single measure that would reduce our immense government debt of $15,000 billion. They were supposed to recommend $1,200 billion in deficit reductions over the next ten years.

Items not negotiated included raising taxes, revamping the tax code, plugging tax loopholes, lowering the 35% corporate tax rate, Social Security, Medicare, Medicaid and the federal retirement program.

It turns out there was a thirteenth member of the committee working behind the scenes. He is Grover Norquist, a Republican lobbyist who runs Americans for Tax Reform and the author of The Republican Pledge to never raise taxes.

All of the GOP candidates for President have signed Norquist’s pledge. 238 out of the 242 Republicans in the House have signed Norquist’s pledge. 41 out of the 47 Republican senators and 1,300 Republican state legislators have also signed the pledge.

The percentage of America’s federal budget devoted to entitlement spending has grown from around 30% in 1970 to about 55% today. As baby boomers like me retire and medical expenses grow things are only going to get worse.

Starving The Beast

Starving The Beast

The pledge of no new taxes goes along with what is called a starve the beast strategy designed to push the country toward bankruptcy until it is forced to cut government spending on Medicare and Social Security. The reason Republicans cannot participate in serious bipartisan discussions is because it would make them jointly responsibility to their constituents for the cuts and jeopardize their ability to regain power in the next election.

As planned, the beast is starving. We are in the midst of a fiscal catastrophe. Every politician is responsible and needs to be held accountable. It’s time to get rid of Norquist and his despicable pledge.



2 Thoughts

  1. Kathryn Larsen says:

    I wish you would run for office!!!

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