The Progressive Change Campaign Committee had a perfect response to the President’s budget proposal which proposes to cut the deficit by $1.1 trillion over the next decade by breaking the already-weary backs of working people – all so the rich can continue to party off their tax giveaways. They said, “It is unacceptable for this President to continually suck up to Wall Street banks who caused the current economic mess, legitimize the cutting of benefits earned by workers, and pretend like Republican proposals to cut Medicare and Democratic proposals to end tax cuts for the wealthy are equally legitimate proposals – they are nit. Americans did not elect a Democratic President to act like Ronald Reagan or enact a corporate agenda.”
President Obama has fallen into every trap the Republicans have laid for him and his adopting the Republican focus on “deficit” is no different. Republicans have all suddenly conveniently forgotten Cheney’s famous quote “Ronald Reagan taught us that deficits don’t matter” because it was Republicans who ran up the deficit in the first place according to the first leg of their plot to “drown government in the bathtub.”
You see, for years the voodoo “Supply-siders” wanted us to believe that deficits don’t matter because tax cuts so boost investment that the economy magically grows its way out of debt. The “starve the beast” contingent, epitomized by Grover Norquist, hope that tax cuts will indeed create deep deficits that will then force spending cuts. It doesn’t matter if these two views are at odds…either way, the rich win – and that’s all that matters to Republicans.
This ballooning “deficit” Republicans are suddenly frantic about was NO ACCIDENT. It was part of Jude Wanniski’s “Two Santa Clause Theory” that REAGAN implemented – simply, cut taxes on the rich, make up the short fall by running up the debt and ultimately using it as an excuse to hand government programs over to Wall Street.
Now President Obama, once AGAIN, validates the Republican agenda by making deficit reduction his first priority when he should be concentrating on JOB CREATION… and SPENDING to to stimulate the economy from THE BOTTOM UP.
The best deficit reduction and long-term debt remedy is to get people working again.
Still, the hypocritical Republicans, comfortable in the knowledge that their willfully ignorant supporters glued to Faux News are again posturing themselves as concerned about the debt when it was Reagan and abysmal Republican policies that turned American from a creditor to a debtor nation and MORE THAN TRIPLED the national debt.
Here are the FACTS for the last 50 years! EVERY SINGLE REPUBLICAN PRESIDENT except Nixon EXPLOADED THE DEBT… and now they WANT YOUR SOCIAL SECURITY!
Kennedy/Johnson: Debt Reduced –8.3%
Lyndon Johnson: Debt Reduced –8.3%
Richard Nixon: Debt Reduced –3.0%
Nixon/Ford: Debt Increased +0.2%
Jimmy Carter: Debt Reduced –3.3%
Ronald Reagan: Debt Increased +11.3%
Ronald Reagan: Debt Increased +9.3%
George H. W. Bush: Debt Increased +15.0%
Bill Clinton: Debt Reduced –0.7%
Bill Clinton: Debt Reduced –9.0%
George W. Bush: Debt Increased +7.1%
George W. Bush: Debt Increased +20.0%
I pray for the day this President STOPS trying to appease Republicans – the party that has been the BANE of the working class and get honest with the American People – Republicans have never done a SINGLE thing to improve the lives of ordinary Americans – in fact, they’ve actively worked to turn the Middle Class into Serfs… the President should start attacking our REPUBLICAN-CREATED problems with DEMOCRATIC SOLUTIONS – just like FDR did when Republicans crashed the economy the FIRST TIME in a century.
Don’t believe me? Check out my article “What Have Conservatives Done For Working People? Nothing!”
Even Reagan’s own Budget Director, David Stockman, has admitted that REPUBLICANS DESTROYED THE ECONOMY… so please tell me WHY is President Obama helping them bring their nightmare vision of Neo-Feudal America to fruition?
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