Monday, November 21, 2011

Supercommittee's Pocket Full of Kryptonite

So the supercommittee has put up the white flag and admitted defeat, on the eve of their deadline: Slate. What does this mean? It is still too early to know, but the reality is $1.2 Trillion in cuts need to be found in the next ten years, with compulsary ones starting in 2013. Now debate moves to Obama's jobs bill. Incredibly, the party that hates tax increases of any kind when it comes to the rich are less sanguine about the 2% payroll tax cut people are receiving at present and are hoping to rescind it. What? That's right, the party that refused to even discuss tax increases for our richest citizens or corporations are the same party arguing for a veritable tax increase for everyone who earns a paycheck in America (including the working and middle class). How is this possible, you ask. It appears the party that once helped free the slaves is now slaves themselves to corporations and the power elite. Even as the U.S. economy could be irreparably harmed, they continue to play submissive to anything and everything the dom corporate America and Wall Street want. As I have asked on so many occasions of late, can democracy work if one party is unwilling to compromise on anything? The answer is their 3-year running mantra. 

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