The Progressive Caucus has released a promising debt reduction plan, but the Republicans continue to push a cuts only approach. Ed explains why the people should be listening to the progressive argument, versus the GOP's budget genius -- Paul Ryan.
Austerity indeed does not work The pub plan benefits, you guessed it, the wealthy. When they are in charge, it's trickle down. When they aren't, it's austerity. Of the rich, by the rich, for the rich...that's how they roll. Paul Krugman had an article last week on this topic "Looking for Mr. Goodpain" He ends with,
"So what do we learn from the rather pathetic search for austerity success stories? We learn that the doctrine that has dominated elite economic discourse for the past three years is wrong on all fronts. Not only have we been ruled by fear of nonexistent threats, we’ve been promised rewards that haven’t arrived and never will. It’s time to put the deficit obsession aside and get back to dealing with the real problem — namely, unacceptably high unemployment." As opposed to the pub plan of we don't care how many people are out of work....we've got ours.
2/7/2013 11:09:39 AM
AUSTERITY DOES NOT WORK. European countries tried this strategy and they are now experiencing HIGH unemployment and HIGH college costs. The GOP thinks that they can pull the wool over our eyes but it will not work among progressives and once it becomes known by the GOP seniors they will revolt as well.
2/7/2013 10:14:02 AM
We have to support the poor failing oil companies and other corporations who get government welfare. You take about takers well here we are with corporate welfare while they make the seniors pay more for medicare, medicare sup insurance, and more for all other the decreases in the social security payments. Gee I got a huge increase this year of 1.7% while all the increase in my insuraces gave me a huge 22 dollar per month raise that equals 264.00 per year. With gas here at 3.79 per gallon, milk at 3,50 to 4.50 per gallon, and just basic food up more than 1.7 percent I as seniors are not living the good life. More cuts mean you all will see more seniors either living on the streets or working at burger king. I must say I am now at the point I am sick and tired of seeing seniors and others being blamed for all the debt and we are not a spending problem the two unfunded wars, tax cuts for the job creators, and corporate welfare is the spending problem