...the Republicans, quite smartly, recognize that there is great political hay to be made in the appearance of deficit reduction, and that white middle class voters will respond with overwhelming enthusiasm to any call for reductions in the “welfare state,” a term which said voters will instantly associate with black welfare moms and Mexicans sneaking over the border to visit American emergency rooms.
It’s no use pretending that what has obviously happened has not in fact happened.
Sometimes life becomes so absurd that even Stephen Colbert is unable to deliver his lines without falling all over himself laughing. That's about how I feel right now (only with plenty of crying thrown in for good measure) so I'd like to just pass along a few recommendations to read and ponder over a beverage in the coming days.
First of all, take a look at Joseph Stiglitz's piece in Vanity Fair on how wealth and income have flooded into bank accounts of the top 1% of all earners in the United States. Stiglitz is a
Second, click on Robert Reich's blog post detailing the catastrophe of language coming from both the right (Paul Ryan's budget proposal) and left (Obama's counterproposal) that seeks to cut the national debt by chopping Medicare. Reich is a
Third, peruse Joshua Holland's article about the increasing advantages that corporations have over the rest of us in the realm of taxation and representation. Corporations and their pundits on CNBC whine over their 35% tax rate, but in reality, pay far less than this due to deductions, credits and other loopholes. Corporations can now pay as much as they want to air political ads on TV to strong-arm politicians into privileged policies while hoodwinking the American public into a simplistic narrative about less government and the job-creating benefits of corporations like GE which profited $14 billion and paid $0 in US taxes in 2010 while raking in $3 billion in "tax benefits" (they spent $20 million to lobby Congress for this special treatment). Now, truly, that's Imagination At Work.