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President Obama is recommending reducing the pain of sequestration by raising revenue. This could be accomplished by eliminating cushy deals that the rich and corporations have bought for themselves over the years with lobbyist dough. Republicans responded with a roaring NO. They say the middle class, the elderly and the poor must suffer to accommodate the whims of the rich.

Last week, President Obama described the sequestration situation in simple, stark terms: keep it in place and punch the middle class in the gut. Or, he suggested, soften the blow substantially by ending special tax breaks for the rich.

Here’s what he said:

“Republicans in Congress face a simple choice. Are they willing to compromise to protect vital investments in education and healthcare and national security and all the jobs that depend on them? Or would they rather put hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loopholes that benefit only the wealthiest Americans and biggest corporations?”
President Obama is recommending reducing the pain of sequestration by raising revenue. This could be accomplished by eliminating cushy deals that the rich and corporations have bought for themselves over the years with lobbyist dough.

It breaks down like this, specifically:
   


   
   
   
   
   
   
The Republican response to all of this is this: Yes. Yes, they do. There will be no end to tax loopholes for the rich, House Speaker John Boehner, R-Ohio, has asserted.

The Republican ruling: The vast middle class, the elderly and the poor must suffer.

President Obama gave the GOP a choice. Republicans chose, once again, to coddle the rich.

Poll

Sequester is a great idea.

42%6 votes
57%8 votes

| 14 votes | Vote | Results

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Comment Preferences

  •  We shouldn't cut one thin dime (2+ / 0-)
    Recommended by:
    markthshark, BusyinCA

    until full employment is achieved or at least close to it. We won't get out of this recurring monthly budgetary nightmare until Democrats and the president start informing the American people that cutting in a recession is self-defeating.

    Quit fortifying Republican Hooverite economics by claiming there is such a thing as "responsible cuts" in a recession.
       

    "extravagant advantage for the few, ultimately depresses the many." FDR

    by Jim R on Wed Feb 27, 2013 at 06:58:02 AM PST

    •  Well, we could cut subsidies for fossil fuel... (3+ / 0-)
      Recommended by:
      Jim R, Gooserock, BusyinCA

      companies altogether, and then reform farm subsidies by changing it into a crop insurance program.

      The money saved could finance an infrastructure bank and probably fund job-training programs as well.

      "That men do not learn very much from the lessons of history is the most important of all the lessons of history." ~ Aldous Huxley

      by markthshark on Wed Feb 27, 2013 at 07:14:40 AM PST

      [ Parent ]

      •  I'm with you on fossil fuel subsidies (2+ / 0-)
        Recommended by:
        markthshark, BusyinCA

        since they almost exclusively pad the portfolios of the 1%. Farm subsidies I might wait on until we're growing at 4% again.

        Economists say running deficits in slow economic times is a good thing, not the monster some with an agenda would lead us to believe.

        "extravagant advantage for the few, ultimately depresses the many." FDR

        by Jim R on Wed Feb 27, 2013 at 07:40:41 AM PST

        [ Parent ]

        •  You may be right on the farm subsidies... (1+ / 0-)
          Recommended by:
          Jim R

          It just seems to me that even if we don't enact cuts right away; the entire program should still be turned into an insurance program, using weather/drought damage and market fluctuations as triggers for payout.

          I just can't understand why [mostly big] farmers are paid to not grow crops -- especially when food prices are going ever higher due to drought. You'd think that regions not affected by drought right now could compensate by growing more to make up for the regions that are.

          "That men do not learn very much from the lessons of history is the most important of all the lessons of history." ~ Aldous Huxley

          by markthshark on Wed Feb 27, 2013 at 07:57:42 AM PST

          [ Parent ]

      •  Yes. That's the revenue side. (2+ / 0-)
        Recommended by:
        markthshark, Jim R

        Raise revenue by cutting stupid subsidies and closing stupid loopholes.

  •  It Used to be...... (0+ / 0-)

    that the Democratic Party was the mommy party, and the republic party (China is a republic) was the daddy party. Now Dems are the single mom party (trying to do the best they can with no support from the other "parent"), and the republics are the dead-beat-daddy party trying to convince us that if only we let his (corporate) girlfriend have what she wants, she'll spend a little money on us as well.

    Politics is supposed to be the art of compromise.  We lost a lot of practical wisdom when Ted Kennedy died.

    You usually get what you paid for.

    by IowaMike on Wed Feb 27, 2013 at 10:13:42 AM PST

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