Sunday, September 18, 2011
THE GUARDIAN has watched with interest all of the Republican bluster about taxation destroying our economy when by any measure real taxation is at an all time low since WW2. Most people are for limited government and low taxes but the Republicans in both houses of Congress are trying to tell the Baby Boomers and the elderly that Social Security and Medicare are "entitlements" that will have to be cut.
These are the same people who signed onto an unfunded prescription drug plan without funding it. The same people who signed the American people up for two wars without funding them (they did borrow the money from China). The same people who encouraged banks to loan people with low paying jobs and lousy credit money to buy a home.... the "OWNERSHIP SOCIETY" were the words used by then President George W. Bush.
We now have mega billionaire Warren Buffet telling us he pays a lower percentage of taxation than his secretary. The Republicans in both houses of Congress fail to see a problem with this difference of higher tax rates on the Middle Class while those in the highest income brackets pay a much lower tax rate. In addition, they manage to get a lot of their pay in the form of stock options and when the stock is sold it falls into the category of capital gains tax with a maximum rate of 15%. They continue to demand and press their Republican Congressional people for even lower taxes at the expense of the elderly, the middle class and call something most people have paid into for a lifetime "ENTITLEMENTS". ( I will gladly trade my social security payments for a congressional retirement package, I will even throw in the gold watch.)
We have witnessed nothing less than war on the middle class in this country for the last 30 years to pay homage to globalization. We have to consider Ross Perot may have had it right with his vehement opposition to NAFTA. We may not have heard that "sucking sound of jobs leaving this country" he predicted but I think most of us have borne witness to the results and economic pain we are all feeling these days.
THE GUARDIAN is constantly listening to our CONGRESSIONAL POLITICOS and those who call Social Security and Medicare "entitlements" may have stirred up a hornets nest come election time. The party of Lincoln is doing little to get us out of this economic mess while at the same time stepping up the warfare on the middle class in this country. When Senator Mitch McConnel of Kentucky says his number one job is to make President Obama a one term president is this showing any concern whatsoever for the millions of Americans who are out of work, losing their homes, can't pay their taxes and trying to keep the bills paid? I always thought and was taught it is the duty of Congress to conduct the business of the people. What is currently going on in Congress is nothing less than shameful in reflects the 82% disapproval ratings of Congress in most of the polls.
Posted by Paul Alldredge at 10:05 PM