Party of Entitled Rich Threatens Economy

[babylonsister]

http://inthesetimes.com/article/14240/party_of_entitled_rich_threatens_economy

Party of Entitled Rich Threatens Economy

The fiscal cliff showdown exposes the GOP’s stubborn favoritism toward the wealthiest Americans.
BY Leo Gerard, United Steelworkers President


snip//

The GOP sore losers have America up against a wall. Republicans don't care that the majority of the country voted for a candidate who promised to raise taxes on the rich. Republicans don't care that an even larger majority—60 percent—told election day pollsters they wanted those taxes raised. Republicans don't care about majority-rule democracy at all. They're demanding ransom—extension of tax cuts for the rich. If Americans don't submit, Republicans will slash the nation's economy.

“Back away from your Social Security, your Medicare, your Medicaid,” the Republicans are ordering. The GOP insists those crucial social insurance programs be sacrificed to prevent the entitled rich from once again paying the income tax rates that they did during the boom years of Bill Clinton. The party that lost the Presidency, lost seats in the House and lost seats in the Senate is willing to take down the economy, to eviscerate programs like the Federal Emergency Management Agency, the Consumer Product Safety Commission and the Federal Aviation Administration rather than require the entitled rich pull their weight as citizens of the country that enabled them to live lives of unprecedented luxury.

snip//

The entitled rich and their political party don't seem to get the fact that they lost the election. One hundred and thirty CEOs have ponied up $43 million to make sure the so-called fiscal cliff problem is resolved their way. They're saying, basically, they're willing to give up one of the “couple of Cadillacs” they drive if the middle class just accepts cat food as its meat course. The CEOs, calling themselves the “Fix the Debt” coalition, claim they'll pay a secret amount more in taxes if the 99 percent suffers cuts to its social safety net and endures slashed government programs.

snip//

Republicans aren't talking about extending tax breaks for the 98 percent. Instead, they're threatening the economic life of the country if they don't get what they want—tax breaks for people who don't need them.

Law enforcement experts discourage paying off blackmailers and kidnappers.

President Obama is right to take that advice and refuse to pay the ransom Republicans are demanding to appease the entitled rich.

[lonestarnot]

1. Fuck richie rich.

[Tigress DEM]

2. Off the cliff then. Use the increased tax monies to refund necessary programs and then some. nt

[KharmaTrain]

3. Call Their Bluff...Off The "Cliff" We Go...

This is a classic example of consider the source. Those who are most frantic about all the bad and evil that will happen if we don't submit to some quick fix deal (along with convoluted definitions of "tax revenues) are the ones who are gonna get hit hardest or represent them. Damn straight people like Willard don't want to pay a dime more in taxes since most pay pennies on the dollar anyway. The longer and more contorted they can make this thing go the better chances their cherished loopholes and deductions won't be touched. The talking heads...many who have upper 6 to mid 7 figure salaries/incomes also don't like the idea that they'll have to pay more than the $40k a year tech who puts the mike on them.

The underlying truth is the most important thing to the rich is their money...and its preservation. As Warren Buffett has been saying, no one passes up an opportunity due to what the tax rates are. This is a desperate attempt by rushpublicans to try to get a better deal now...while they have more seats in the House and Senate than next year.

We survived the plunge of late '08...I can't see anything close to this happening on January 1...

[Angry Dragon]

4. TERRORISTS