Comments on: Axelrod: This is a "Tea Party downgrade"
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- The so called tea party, or banana republicans, are hell bent on tuning America into just that.
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- What a bunch of bull.. The trouble is, the Republicans didn't hold out LONG ENOUGH.. We ended up TOO FAR from fixing the problems that needed to be fixed... That's what anybody with any brains knows is that the Tea Party is the only reason and the only hope that we have (or had) to get things under control.. Go ahead and spread more anti-Tea Party B.S. You're really good at it, Axelrod... Let's not worry about the stupid, whiny Democrats that have NO INTENTION of taking on our debt problems... EVER!!
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- GOP MYTHOLOGY ABOUT TAXES AND WEALTH CREATION
dan1511 said, "... Government does not create wealth, it consumes wealth. What is wrong with keep more of your hard earned money?..."
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Neither you nor the government "creates" anything, Dan. Instead, the whole of society creates both civilization and wealth. All of us-- working together in our fullest potential-- ARE wealth, and it always has been this way.
Only the modern, industrial age concentrated production decisions in a few people-- but they no more concentrate industrial power in themselves than they concentrate the wisdom of many workers. Industry and wealth creation remains an inherently collective activity.
CIVICS 101, AGAIN
Contrary to the GOP-- which deceitfully bashes government as a "tyrant" (but spends our tax money lavishly for its friends, nonetheless)-- democratic government is an instrument of the American people to promote the general welfare and secure the blessings of liberty. Government-by-democracy does so by taxes, in what should be a fair and completely open process.
In fact, taxation under the GOP is markedly unfair and regressive, and shows little concern for the American public interest. Under Bush and the aftermath of the GOP-sponsored recession, the wealth gap between the richest five percent and the rest of America widened dangerously.
While the GOP complains about taxes more than any party, the GOP expanded American national debt four times over (from deficit spending and obligating debt) under both Reagan and Bush. Most of the $14 trillion current national debt is legacy GOP deficits, with interest.
GOP PATRONAGE
Not surprisingly, there is an explanation for wild GOP deficit spending-- GOP patronage. For 150 years, the GOP has served the wealthy and represented them in congress. The GOP's sanctimonious whining about taxes is Exhibit A of its payoff to wealthy donors. In return for huge, continuing donations from plutocrats like David Koch, the GOP struggles to rewrite public law to tax the wealthy less, and tax the rest of America more.
That patronage is especially obvious in Rep. Paul Ryan's plan to trim federal spending-- it "saves" some $4.3 trillion over a decade, primarily in cuts to social spending, but few cuts to bloated Pentagon contractors. Worse, the Ryan plan gives almost all of the $4.3 trillion "saved" back in tax breaks to a relative few-- the wealthy and/or corporate America-- but not to pay off the national debt. So much for the alleged GOP concern about deficits. a national debt literally created by GOP deficit spending.
GOP-sponsored taxation is not only unfair and regressive, but a brazen public subsidy to a wealthy minority. Subsidizing the wealthy is so absurd, the GOP political payoff must be disguised as a "tax break"-- as though the wealthy actually need help when they pull every tax dodge to pay a lower tax rate than their hired help.
And GOP tax breaks to the wealthy are very costly to this country-- the Bush tax break, given those making more than $250,000 yearly, piles $1 trillion more debt per decade onto the national debt. But what most Americans are not told is they also will end up paying for these GOP gifts to a wealthy superclass-- they will pay not only their own taxes, but also will pay what the wealthy and industry no longer pay, themselves.
The GOP secret is out-- for decades, the great mass of American taxpayers (94.5 percent) has paid the share of taxes not paid by GOP fatcats, placing the wealthy and corporate interests on a lush public subsidy-- as unfair as that may seem to the rest of us.
SPENDING OTHER PEOPLE'S MONEY
Even GOP presidents-- especially GOP presidents-- like to spend taxpayer money.
To make that point even clearer, only Carter and Clinton worked to bring the national debt toward a more favorable relation to GDP. All the GOP presidents made it worse-- that is, they loved passing tax cuts for the wealthy few, passing that IOU to the national debt, and pushing most of us deeper into debt by borrowing our own money to fund it. In other words, ordinary Americans-- 95 percent-- pay more heavily so that a wealthy few slip by without paying their fair share.
And now, having pushed the country into great debt, and crashed the economy (once again), the GOP complains about social programs, and stimulus spending for economic recovery? This is deceitful rhetoric that even NY Times conservative columnist David Brooks labeled "insane". But there are terms far more apt-- the GOP is indicted by its own history as maliciously and shamelessly unpatriotic.
Topics of Interest--
The National Debt Clock, and Savings Clocks-- http://zfacts.com/p/gross-national-debt.html
The National Debt, Who Created It, and Why-- http://zfacts.com/p/461.html
The Economy-- What's Wrong, How to Fix It-- http://zfacts.com/p/330.html
Social Security-- Is There A Crisis?-- http://zfacts.com/p/784.html
Voodoo Economics-- Who Still Believes It, Today?-- http://zfacts.com/p/voodoo.html - Reply to this comment
- CORRECT it is the TEA PARTY that did this!
It is greed and they refuse to get rid of Bush era tax cuts on the wealthy
60% of the current deficit is due to Bush era tax cuts
S&P said 3 times that the reason they downgraded the US is because of unwillingness to raise revenue.
WAKE UP AMERICA! The TEA PARTY is NUTS. - Reply to this comment
- We have met the enemy and they are of our own free will......we voted them in time after time after time. So we can blame the president, the congress and the rich. But we the American voters kept putting the SOB's back in.
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- Of course it is. This is not something that you can just wash away and some how make it out to be that both sides are at fault. The media has got to get it together if it is going to report the news. The Tea Paryt took an extreme position, and we went in to totally uncharted waters with this conviction, more like hallucination, on their part. Sadly, they did not know what they were doing, were on a mission from God, and we are going to pay for it. The media loves a horse race, but in this case they gave credence to a set of beliefs that were so idiotic and harmful, they too didn't know what they were doing. Let's get real here. They accomplished nothing and set us back. We have the same debt but will pay more for interest than when we started.
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- dknelson: if the answer looks clear and obvious to you, maybe you don't understand the question.
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- Lindsay Graham needs to go back in his closet as he's defending the indefensible.
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- I don't think this was political, as this could hurt the Republicans as bad as the democrats. The person ultimately responsible is the president! He formed a bipartisan committee to reduce the debt, then he and other politicians ignored their own committee! So in my opinion, why waste time with a committee if you are totally going to ignore their findings!
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- Democrats are truly an amusing group! When Republicans were the minority in both houses, every problem was blamed on them.
Now the Tea Party, by far the smallest group in either the Senate or the House, is to blame for everything.
Isn't that a little odd? Wouldn't you think the problem would be one of the groups that actually has power, by virtue of having the most votes?
But then this would mean Democrats actually taking responsiblity for something!
Oh and I forgot! If they can't blame the Tea Party and they can't blame the republicans, they will probably blame Bush!
I think Democrats must have an entire committee that spends all it's time looking for who they can blame for something! - Reply to this comment
