Summary of my reaction to the Democrat's actions over the last 18 months: OK. OK. Oh no. Shit. Goddammit. Now that they are lame ducks can they do one thing right and put an end to trickle down economics?
Folks, we all know how disappointing the last two years have been. Shameless theft of this title is from a brilliant but thoroughly depressing summary of our country's political reality. You should definitely Click to see a preview of this book But that only makes this site more important, as our founder has recently pointed out. So, let's follow along with what should be easy for the lame ducks to get right: bring back the personal income tax rate to the wealthiest among us to where it was under Clinton.
You know the chatter…NPR said ALL the Bush tax cuts will most certainly be extended at least for a year or two. Fox said the same, Newsweek said the same… I especially liked to hear our Maine Senators put away their 'Rino' tusks for a moment to conflate small business tax cuts (which everyone is in favor of) with maintaining the historically low tax rate for the wealthiest among us. So they will hold hostage making all the other cuts permanent for the wealthiest 2%?
Why?, we ask. Well, I'm not thinking this is a rich folk country club taking care of their own type of thing. And previous posts have brilliantly shown the history of the upper bracket rate, the amount of money at stake and the impact on balancing the budget. Oh wait, that's it! The old 'end around' to bankrupt the treasury so we'll have to roll back the New Deal because 'we can't afford it'. This is popular among our Teabagger friends. Has anyone heard where, exactly, they want the Federal Government to shrink? Defense? Hell no. This is the old 'two Santas' approach that Thom Hartmann likes to point out…you can have everything you want, and an amped up military to make you feel safe and secure, but you never have to pay for it!