Don’t forget who created this mess: Republican capitalists
Who are we supposed to trust, the Republicans? When Clinton left office, there was a surplus and a “pay-go” law that prohibited new spending without tax increases or budget cuts. The Republicans eliminated both. Quoting [Vice President] Dick Cheney, “Defi cits don’t matter.” I guess deficits only matter to Republicans when they’re out of power. Bush cut taxes while going to war, fi rst time in history. Those cuts eliminated corporate taxes dating back to 1986. Not only did he eliminate the taxes, he reimbursed corporations for taxes paid from 1986-2002. Bankrupt Enron got $250 million; GE about $900 million. Then came Medicare Part D, the biggest entitlement in a generation: It prohibited the government from negotiating prices with drug companies, another giveaway to corporations. Quoting [Obama adviser] David Axelrod from a Jan. 15, 2010 op-ed in The Washington Post, “To put the breathtaking scope of this irresponsibility in perspective, the Bush administration’s swing from surplus to defi cits added more debt in its eight years than all previous administrations in the history of our republic combined.” Our new capitalism privatizes profi t and socializes risk. Now we have spending problems, but we didn’t have spending problems when we bailed out banks and corporations. The tea party better get their head out of the sand and figure out whose ox is being gored, because with all this fraud and embezzlement going on from Wall Street to the local economic development corporation, nobody’s been charged or arrested. What this union busting and spending cuts are really about is who’s going to pay for the meltdown of 2008. Trillions were lost when the bubble burst, and those responsible never missed a paycheck or bonus. But let’s not tax the wealthy or the corporations experiencing their biggest profits in history. We’ll take it out of middle- and lower-class wage earners. They pay for everything, anyway — like a military budget that’s seven times higher than any nation on Earth. We need a big military to protect our corporate interests so they can make more tax-free money. We don’t have a spending problem, we have a revenue problem. Our democratic republic is morphing into a corporate oligarchy. The oligarchs want no taxes, no regulations, risk or social responsibility. Welcome to Republican capitalism.
The writer forgot to mention the entitlements created by the Democrats like, Social Security, welfare, Medicare, Medicaid, Fannie, Freddie and now Obama care which is what has really increased the debt over the years. Both parties are guilty of spending us into the hole we find ourselves in. The trouble is government, it has grown too big and spends too much.
It may be republican capitalism, but it is a system that the dems surely have also enjoyed and profited from.
If the teapartyer's are serious.......they will put all of their support behind Ron Paul.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
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