Democrats were up in arms over President Obama's pan to cut $3-4 trillion dollars in spending which includes major cuts to entitlement spending, which are near & dear to the heart of the Democratic Party. Now if he's willing to go that far over on the GOP's turf in proposing such a plan that will give many liberal democrats heartburn, at least the republicans can do is to agree to raising of some taxes.
When the Republicans campaigned for the 2010 midterm elections, they promised voters that their Pledge to America included plans to create jobs and help the ailing economy. Despite refusing to elaborate on their plan to accomplish the campaign promises, voters swept Republicans into power in the House (+62) and many governor’s mansions and state legislatures across the country with high hopes the GOP was telling the truth and would begin serious legislation on the first day in session. After gaining power in the house in January 2011, Republicans in Congress have read the Constitution, proposed steep spending cuts for the poor and elderly, and voted to repeal the Affordable Health Act (which was just a symbolic gesture to voters). By now it is clear that Republicans had no plans or ideas to encourage job creation or to help the economy in spite of grandiose promises.
Instead of working to fulfill their campaign promises, Republicans have begun focusing on reducing the deficit by slashing programs that benefit the most vulnerable Americans, but have continued handing out ENTITLEMENTS to profitable corporations that pay little or no taxes. Although any respectable business would balance spending cuts with increased revenue to bring down deficits and balance a budget, Republicans refuse to entertain a balanced approach by increasing some taxes, along with spending cuts to generate much needed revenue regardless the dire shape the economy is in.
The tax cuts Republicans insist must stay in place are sure to be a major factor in the massive budget shortfalls projected over the next decade much like the unfunded Bush-era tax cuts that have played a major role in the current major economic downturn.
Nobody likes the idea of having to raise taxes, but now is not the time to worrying about political careers & future aspirations & what Conservative Radio Talk Show host will say about you, or whether or not you will get primaried in 2012. Its all about the future of the U.S. not about YOU! Both parties need to meet 50/50 on a deal to address the deficit & debt. The quicker they can do that, the quicker they can focus on addressing jobs & the saggibg economy
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