Tuesday, December 7, 2010

The Headline Should Read Republicans Add Billions To Deficit!

The Republicans got their way today.  They got the Bush Tax Cuts extended for a couple more years by holding the American people hostage.  The tax cuts will add billions to the deficit and do nothing to create jobs.  They told Democrats if they didn't give the rich tax cuts then they would not give the American people that cannot find a job any relief by extending unemployment benefits.  Once again the Democrats did the right thing for the American people and went along with it because they unlike the Republicans care about average working Americans.   Read the quote below from Ben Bernanke's interview on 60 Minutes and ask yourself "Are the Republicans really doing what is right for the country?  
The gap between rich and poor in this country has never
been greater. In fact, we have the biggest income disparity gap of any
industrialized country in the world. And I wonder where you think
that’s taking America. 
A: Well, it’s a very bad development. It’s creating two societies.
And it’s based very much, I think, on– on educational differences The
unemployment rate we’ve been talking about. If you’re a college
graduate, unemployment is five percent. If you’re a high school
graduate, it’s ten percent or more. It’s a very big difference. It leads
to an unequal society and a society– which doesn’t have the cohesion
that– that we’d like to see.

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