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Deficit Panel Recommends...
Warning that the nation is on an
unsustainable fiscal path, the co-chairmen of President Obama's
deficit reduction commission rolled out a final plan this morning that
challenges lawmakers to put
politics aside and to embrace a series of unpopular spending cuts and
tax increases to get the
"crushing debt burden off our backs."
As promised, the "Moment of Truth" report from co-chairs Erskine Bowles
and Alan Simpson,
aims to reduce the national deficit by $4 trillion by 2020 and
gradually pay down the soaring debt
with a mixture of sweeping cuts, including cuts to domestic and
military spending, as well as
Social Security and Medicare, and various tax increases.
Tax
increases?
The snarling dogs will tell
you to GFY before you can even finish saying the words.
The report calls for a three-year
pay freeze for members of Congress, a three-pay freeze on
federal workers, including the Defense Department's civilian work
force, and a 200,000-person
reduction in the government work force.
It also includes a ban on earmarks, or pork-barrel spending, and a
15-cent increase in the
federal gas tax to pay for transportation projects.
I have an idea:
After nine years of Bush giving the super-rich a free ride, why doesn't the panel
suggest that the super-rich start paying their fair share of the country's costs?
The super-rich are sick and tired of paying less than their employees and
they won't stand for even a modest reduction in their unearned windfall.
Remember, Warren Buffet says his secretary pays a higher rate of taxes than he does.
Obama didn't need some stupid commission to tell him what the answer is.
They just need to plug the loopholes the super-rich use to avoid paying taxes.
Remember also, Exxon-Mobile and the others didn't pay a dime in federal income taxes
ands Exxon makes $10,000 profit PER MINUTE but Obama needs a commssion to figure
a way out of this oh-so-complex puzzle than any nimrod with an IQ of 64 can answer.
Why do the 295 million Americans who aren't millionaires
vote to give the super-rich more of their tax money?
The facts are on our side but every problem we have can be boiled down to
the Democrats' lack of spine when all they have to do is list the damn facts.
If those Teabaggers wanted the budget balanced and controlled spending
why didn't they vote for the Democrats?
