This is a lovely and simple video right up until you realize that the GOP forced tax cuts to fall far, far short of what President Obama wanted in the first place, and because we’ve dicked around with spending for the last 30 years and not paying for it in taxes.
The Bush administration added a HUGE amount of debt to the deficit and didn’t pay for it. The GOP is blocking that payment now with obstruction and Sequestration, which hurts the 98% far, far more than anyone at the 2% level.
The lesson here is that if you want to go fight for the right to keep and bear oil, you’d damn well better figure out how to pay for it out of your big fat bank accounts and not force the rest of the people to bear the costs of protecting your interests. Too bad that didn’t happen, because that’s how we got where we are today.
Want to see what this really looks like?
From the Federal Bureau of Labor and Statistics (January 2012): Federal Government receipts and expenditures
Here’s the full article: The U.S. economy in 2020: recovery in uncertain times
From the article’s summary: “Real GDP is expected to grow 3.0 percent annually over the next decade, faster than the 1.6-percent-per-year growth experienced over the 2000–2010 period, but slower than the 3.4-percent growth from 1990 to 2000; recovery of the housing market, improved consumer confidence, strong business investment, rising medical expenses, and narrowing of the trade deficit also characterize the outlook.”
To give the guy credit, Rep. Todd Young (R-IN) also recognizes that we shouldn’t pay congress for their failure to produce a budget, but I bet that doesn’t wash with the rest of the boys and girls up on Capitol Hill. And this is the same guy who sponsored this:
The Protect Medical Innovation Act would repeal the 2.3% excise tax on medical devices included in the 2010 Affordable Care Act (ACA), thereby reducing one of the payment methods for the ACA. Who are they protecting? The corporations providing the service, not the people who receive the benefits. Worse, this is an industry being encouraged by our activities in the Middle East, where improvised explosive devices (IEDs) are everywhere. The price we are paying for the war is too high by half. Cutting anything that helps protect our people when they return broken is wrong on so many levels I can’t even list them.
People need to stop listening to the GOP whining and realize that we have to pay for Bush’s wars somehow. Frankly, my tax dollars (if I had any, which I don’t because of MY employment situation) should be going to support our infrastructure, not to keep these businesses from paying taxes.
I’ll tell you what should change: Manufacturing costs need to drop so the items are less costly and easier to acquire. Oil prices should drop, so we can afford to spend our money in other ways and help support the rest of the country instead of the oil industry.
What the hell ever happened to Supply and Demand? We’re seeing corporate greed out of control and we wonder why we have no money to spend on paying down the debt. Control the greed and the deficit goes away.
Before you forward something that looks like it nails the whole problem, look again. Chances are, you’re only being told half the story and you should be especially suspicious if that story comes from the GOP.