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View Diary: Robert Reich: "Giving Republican Bullies a Bloody Nose Isn't Enough" (180 comments)

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  •  So raise taxes on the rich (16+ / 0-)

    To me this is pretty simple. If you are serious about closing the income-to-expenditures gap, and see that as the big threat to civilization as we know it, then agree to raise taxes a smidgeon on the people who can afford to pay them. There are a lot of options -- financial transactions tax would be high on my list; carbon tax; lower the estate tax exemption down to 1990s levels; lift the cap on earnings subject to Social Security tax.

    And you are also required to notice that even in a severe recession, Obama has cut the annual deficit in half, rather than spinning lies about how he single-handedly has quadrupled it and driven us out of pristine fiscal responsibility into chaos and disaster.

    IMO most of the blathering about the debt and the deficit is just window-dressing for the ideology-driven campaign to eliminate  all social programs including Social Security, Medicare, Medicaid, food stamps, unemployment benefits, WIC, housing assistance, fuel assistance, and anything else that transfers a few pennies to poor people. Only programs that transfer billions to wealthy people (farm subsidies, military contracts for stuff the Army doesn't even want, bank bailouts) will survive and get increases.

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