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7/14/11

The US Debt Ceiling: Shame on GOP for its immoral goals - by Ken Keaton

The US raised its debt limit seven times during the George W. Bush presidency, with not a peep of protest from conservative lawmakers. Now, it's being portrayed as the worst threat the nation faces.

Those same lawmakers had no objection when Bush inherited a balanced budget with a surplus, and proceeded to wreck it with two unnecessary wars, mismanagement of Medicare, tax cuts to the wealthiest 2 percent and tax breaks for transnational corporations. Now, they are ready to cut support for the elderly, the sick, the poor; to cut support for public workers — teachers, police, firemen — to make up for our national debt. But any talk of tax increases on the super-rich and the transnational corporations is off the table.

The gap in income between the top 2 percent and the rest of the nation is wider than it has been since the gilded age of the robber barons. Exxon/Mobil for two years running has been the most profitable corporation in the history of the world. Last year, GE and a number of other top transnational corporations paid less tax that you have in the change in your pocket right now. But take heart, guys. The GOP will protect you! Your corporate jets are safe while the rest of us try to survive $4-a-gallon gas. But if you're not in that august group, watch out. We'll be the ones who have to make up the deficit.

The GOP took over the House, along with several state governments, last November with a unified message: "Where are the jobs?" But when they took power, what happened? Not one jobs bill from the House — though these purported advocates of limited government passed a variety of bills aimed at controlling women's bodies. State governments across the nation have cut support for jobs and infrastructure projects in favor of — wait for it — tax cuts for the wealthy and tax breaks for corporations. And they have tried to blame their economic woes on greedy teachers. Really?

For more: Shame on GOP for its immoral goals - South Florida Sun-Sentinel.com

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