Showing posts with label fiscal cliff. Show all posts
Showing posts with label fiscal cliff. Show all posts

Tuesday, July 01, 2025

Dear Representative:

If I told you to jump off a cliff you wouldn't do it — so why are you willing to jump off a (fiscal) cliff when Donald Trump tells you to? The dollar's value has dropped this year to an extent not seen in over 50 years. This will greatly increase the cost and difficulty of servicing our enormous national debt. And yet Congress is considering a Bad Bullshit Bill that will increase the deficit by 3.3 trillion dollars. There's no hiding this no matter how much magical math is used.

And speaking of magic — you argued on three prior occasions that tax breaks for the wealthy get pissed down the social ladder to rain abundance on average Joes. It didn't happen then. It won't happen now. Maybe you should stick with facts and logic instead of misinformation when you argue your points. We've known this was a lie for 40 years. If you pass this bill your voters will know as well. And then you'll get voted out of office — perhaps even ridden out of town on a rail. Good luck with all that.

Sincerely,

Voters with open eyes.

If you don’t like how things are going, contact your Congress person and Senator.

Sunday, December 02, 2012

After Dancing Long and Well, It’s Time to Pay the Piper


It’s absurd to maintain tax cuts for the wealthy when the country faces massive debt and many of its citizens are unemployed. By now, most of us realize that prosperity does not trickle down from the wealthy, and never did.

It’s argued, however, that increasing taxes for the wealthiest citizens may result in lost jobs. But it’s also argued that the resulting reduction in the federal deficit will more than compensate for those lost jobs. Further, it’s not certain that job losses will occur since businesses are running on minimal staffs already. After Clinton raised taxes, the economy thrived, so it’s entirely possible that the effect of tax increases for the wealthiest may have no, or only minimal, effect on job losses.

Alternatives that include reducing entitlement funding will also increase the hardships already faced by entitlement beneficiaries. As for cutting federal spending, we all know that Republicans never actually follow through with such reductions despite their talk. To do so would result in lost jobs for federal employees and for those who supply the government with goods and services. Clearly not an acceptable alternative.

During the Eisenhower years and beyond, affluent Americans paid much higher taxes than they do today. The country prospered and employment was strong. Currently the wealthiest citizens hold a greater percentage of America’s wealth then they ever held previously resulting in record levels of income inequality. Yet does all this capital in so few hands result in economic growth? Not at all. In order to bring economic growth, capital needs to be moving, not sitting stagnantly in the hands of the elite. The United States does not have a royal class, yet the desire to worship royalty remains present in those who seek to protect it from imaginary threats.