House Speaker John Boehner miscalculated last week, saying he might accept significant revenue hikes as part of a $4 trillion deficit reduction plan, aka, the Big Deal. It seems that President Obama had called the Republicans’ bluff by putting Social Security, Medicare and Medicaid on the bargaining table. The GOP had said there could be no deal as long as these entitlement programs weren’t part of the negotiations. So the president lays them out on the table. In effect he says, “I’ll call you, and raise you $100 billion.”
Speaker Boehner thought that’s what his party wanted. He thought they might have a deal.
He was wrong.
His colleagues and those on the far-far right wouldn’t hear of it. What? Tax the rich? Tax the very people who contribute to our re-election campaigns? You’ve got to be out of your ever-loving mind!”
Senator Mitch McConnell (pictured above) went on Fox News Sunday and said, “We have 9.2 percent unemployment, and their response (Democrats) is to raise taxes? I mean, my goodness, I’m for the biggest deal possible, but we’re not going to raise taxes.”
I mean, after all, if we raise taxes that would put our “job creators” in a bind and they would stop creating jobs. Right?
I don’t have the best memory in the world. I can forget things at the drop of a hat. I can be in the kitchen and think of something I need that’s in my study. I will walk to my study (which is approximately a 10 second walk) and by the time I get there, I have forgotten what I came for.
But despite my bad memory, I DO recall the kind of financial fix we were in at the end of the Bush years. When President Obama came into office, we were about to go over the precipice into another Great Depression.
During the Bush administration, despite our declaring war on Saddam Hussein, we cut taxes…twice. And those tax cuts, for the nation’s wealthiest, have been in effect now for around 10-and-a-half years. For 10-and-a-half years these so-called “job-creators” have been tax free so they can create jobs. You would think that with their having saved billions upon billions of dollars during that time (they have close to $2 trillion in savings now) they would have created a whole bunch of jobs.
Exactly how many jobs were created during the Bushy years? And how many jobs have been created in the last two-and-a-half years?
If the people who have been getting the tax breaks for the past 10-and-a-half years are going to create jobs that Senator McConnell keeps talking about, I would strongly recommend that they get on the stick and start creating them now. What the heck are we waiting for? It would seem that if the country’s wealthiest companies want us to believe that there is any truth at all to what the Republicans are saying about their being job creators, then maybe they should, like, create jobs.
Do these people think the American public is stupid?
Time will tell. We’ll know for sure whether we’re stupid or not come November 2012.
Unfortunately, by then we will all have splattered and dried on the debt ceiling.