…and now a word from America’s Senator:
Under George W. Bush and his fellow “deficit hawks,” we went to war in Afghanistan and Iraq. Bush and Congress “forgot” to pay for those wars that will end up adding some $3 trillion to our national debt. Where were Paul Ryan and the other “deficit hawks” when we spent trillions on wars and added to the deficit? They voted for those policies.Under George W. Bush and his fellow “deficit hawks,” we gave huge tax breaks to the wealthiest people in this country, which cost $1 trillion over a decade. Where were Paul Ryan and the other “deficit hawks” when Bush and Congress spent a trillion dollars on tax breaks for the very rich and added to our national debt? They voted for those policies.Now, having run up huge deficits, our born-again “deficit hawks” want to cut every program in sight to save money. In order to cover the costs they incurred in Iraq and Afghanistan, they want to cut Social Security. In order to cover the costs of the tax breaks for the rich, they want to cut Medicare and Medicaid. In order to cover the insurance-company-written Medicare prescription drug program, they want to cut education and food stamps.This approach – balancing the budget on the backs of the elderly, the sick, the children and the poor – is not only immoral, it is bad economic policy. It is something that must be vigorously opposed.The $16 trillion national debt and the current $1 trillion deficit are serious problems, but they must be addressed in a fair way that will not cripple our economy, lead to the loss of jobs and punish people who are already hurting.At a time when the wealthiest people in this country are doing phenomenally well and when their effective tax rate is the lowest in decades, the richest people in this country have got to be asked to pay their fair share of taxes.