Saturday, September 29, 2012

Economic Calamity???



“America is suffering through an economic calamity of truly historic dimensions," said Senate Minority Leader Mitch McConnell of Kentucky. However, what he failed to say was the very facts that first of all, Republican policies caused the economic calamity to which he refers.  Mitch also failed to say that the recovery was slowed as a result of the barrage of filibusters on the part of his republican party that prevented any measures that might have sped up the recovery from ever coming to a vote.  Finally, McConnell fails to note that the very policies that caused the economic calamity to which he alludes are the policies advocated by Romney and Ryan.  These policies did not work when attempted by the Bush 43 administration and there is no evidence these policies will have different results if applied by Romney/Ryan.  As far as fixing Medicare, on thing to help put this program on sound financial footing would be measures that would ensure that people like Romney and Ryan paid a Medicare tax based upon their entire income like a teacher or a cop.  It is questionable whether or not Romney paid any Medicare tax at all as well as whether Ryan paid a Medicare tax on his entire income.  Far too many people in the top 10% of earnings pay little or no payroll taxes.  This is the “economic calamity” that needs stopped.  One result of the republican efforts to prevent Obama from being elected to a second term is the high rate of unemployment of state workers and teachers, in the main.  This is particularly ironic considering the number of times speakers at the RNC convention talked about the need to raise the level of education.  While the republicans talk about the need for better education, states led by republican governors have been laying off and reducing teaching staffs.  What republicans do given the opportunity to govern is far more important than what they claim they intend to do.  One only has to look at the history of republican administrations to see the tremendous gap between word and deed.  The economic calamity referred to by McConnell is guaranteed if Romney/Ryan are elected.

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