To Raise or not to raise…that is the question

Posted: July 6, 2011 in Political Commentary, The Blog!

If we raise the debt ceiling the economy will collapse…well, not really. That is what republicans are screaming about, along with the usual “slash and burn” ideology. Republicans have labeled raising the debt ceiling blasphemy, but you wouldn’t think so looking back at the last decade. From 2002 until 2008 the GOP voted to raise the debt ceiling 7 times under George Bush during the peak of the 2 Bush Wars and the start of the financial crisis. So why are they treating this issue like Armageddon now? Well, that is a no brainier really. It’s the same reason why they vote against everything, filibuster everything and are so consistently negative on every single issue. 1 man, President Barack Obama. For 2 and a half years, members of the GOP have gone on and all out crusade against the one man that they hate, though a strong word, most won’t argue the feeling. “Communist”, “Socialist” comparisons to Hitler and other insane ideas have been thrown out. We finally seem to have gotten past the “birther” issue since President Obama released his long form birth certificate to quiet them down. It is pretty clear we need to raise the debt ceiling along with cutting waste and programs that are out dated or no longer working along with creating revenue by raising taxes on the top 1% of earners, closing loopholes for big oil companies and hedge-fund managers along with eliminating tax subsidies for companies who send jobs over sea’s. I’d even propose raising the “capital gains” tax rate from its current very low rate at 15% to the current top tax rate of 35%. We should eliminate the Bush tax cuts, especially for the high earners, and bring them back to Clinton levels of a top rate of 39% back when the country had a surplus by the way. President Obama has offered big cuts that even go against what he believes in order to compromise. You see, that’s what compromise means, two sides give up things they don’t want to give up and meet in the middle. In order to give up the cuts he is offering, including huge cuts in successful programs like Medicare and Medicaid, he is asking for not a raise in tax rates, but just cuts in subsidies and tax loop holes for big companies and millionaires and billionaires. When asked about this in a meeting, republicans stood up and stormed off, hardly a step towards a compromise and more like my 3 year old son when we tell him he can’t have candy before bed. In order for out country to get its fiscal problems in order we must all sacrifice. To ask for cuts in programs that benefit the elderly and low income families as well as asking unions to pay more out of their pay checks for medical care and pensions, it shouldn’t be an issue at all to ask the richest of the rich to contribute as well. In a country as great as ours, we do have our faults. When corporations are granted the rights meant for individuals (google the Citizens United case), money can rise to the top, and greed and power can concentrate to the upper elite to become the leaders of the land. We the people, the words spelled out in the preamble to the constitution, must stand up and demand fair treatment. Not special treatment, just fair treat. Now, is that too much to ask?


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