Friday, July 15, 2011

Spending & Revenue

We need to increase taxes on millionaires & selectively cut spending, such as duplication and admin waste in defense. The GOP's crazy proposals for spending cuts is the wrong way to go, when what we need job growth. It shows a blind alegience to a political theology, to the detriment of truth.

The GOP's mantra of "we can't raise taxes in a recession" is utterly spurious. Tax increases on the rich and eliminating corporate welfare (tax loopholes) wont adversely affect job growth.It is not taxes that drive multinational corporation to take jobs overseas, it's their desire for slave labor.

Conservatives are quick to attack Obama on the spending, yet refuse to mention that the spending comes from Bush43 programs and laws that have carried over into Obama's term. They are the costs of laws that the Government has put in place in the past; old spending, not new spending.

The problem is revenue. We lost so many jobs due to Bush's crash that it wrecked our revenue stream. Conservatives need to put their ideological theology on hold and get real, instead of playing politics and trying to hurt Obama.

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