Sunday, July 31, 2011

President #Compromise

July 18 Tom Tomorrow toon:

Three days ago, Democratic Rep. John Conyers, appearing at a meeting of the Out of Poverty caucus, said: "The Republicans -- Speaker Boehner or Majority Leader Cantor -- did not call for Social Security cuts in the budget deal. The President of the United States called for that."

[...]

The reported deal on the debt ceiling is [...] completely one-sided -- brutal domestic cuts with no tax increases on the rich and the likelihood of serious entitlement cuts in six months with a "Super Congressional" deficit commission.

[...]

[A] slew of millionaire politicians who spent the last decade exploding the national debt with Endless War, a sprawling Surveillance State, and tax cuts for the rich are now imposing extreme suffering on the already-suffering ordinary citizenry, all at the direction of their plutocratic overlords, who are prospering more than ever and will sacrifice virtually nothing under this deal (despite their responsibility for the 2008 financial collapse that continues to spawn economic misery).

  Glenn Greenwald July 31

No matter how the immediate issue is resolved, Mr. Obama, in his failed effort for greater deficit reduction, has put on the table far more in reductions for future years’ spending, including Medicare, Medicaid and Social Security, than he did in new revenue from the wealthy and corporations. He proposed fewer cuts in military spending and more in health care than a bipartisan Senate group that includes one of the chamber’s most conservative Republicans.

[...]

And despite unemployment lingering at its highest level in decades, Mr. Obama has not fought this year for a big jobs program with billions of dollars for public-works projects, which liberals in his party have clamored for. Instead, he wants to extend a temporary payroll tax cut for everyone, since Republicans will support tax cuts, despite studies showing that spending programs are generally the more effective stimulus.

[...]

Mr. Obama tentatively agreed to a plan that was farther to the right than that of the majority of the fiscal commission and a bipartisan group of senators, the so-called Gang of Six. It also included a slow rise in the Medicare eligibility age to 67 from 65, and, after 2015, a change in the formula for Social Security cost-of-living adjustments.

  NYT

The temporary payroll tax cut for everyone! That’s his generous offering to the unemployed and the underpaid. And it gave us all such relief last year, eh? Our President is always thinking about us.


I think I can change that Charlie Brown photo to put Obama with the football, and his hopeful supporters in the air.

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