TODAY, tuesday Feb25 at 2:08pm, John Boehner “Presidents addiction to spending”

Once again Boehner reiterates what he knows to be false.  The 1.2 Trillion dollar deficit that George W. Bush handed to Obama in 2009 has been cut to 895 billion.  This reduction was mostly spending cuts. The only reason that it has not been reduced further is the Republican House refused to act. That’s over 1.2 trillion over 10 years.

Boehner forced increases in the Federal deficit by bringing the country to the brink of default on our debt.  That resulted in downgrading of America’s credit rating raising the interest we pay on the debt increasing the national debt.

Spending cuts include health care savings of 785 billion by the PPACA, reducing the size of the Federal government by 791,000 jobs, ending the Iraq War, reducing the size of military expenditures in Afghanistan to name a few.

Boehner and I do have one thing in common.  Neither of us are economists. We need to listen when our experts tell us that neither taxing nor spending cuts alone will solve the problem. The solution has to be a combination of the two.

Boehner’s objection to lowering the deficit is the tax part of the equation.  Boehner demands the budget must be balanced on the backs of the poorest Americans.

Boehner lives in an America that is too poor to feed, clothe, and house all of America’s people. Boehner’s American is too poor to tend to the sick, elderly, and crippled. In Boehner’s world these are not fellow human beings.  The grave suffering of the poor does not exist.

In Boehner’s American the wealthiest 1% of the people are to poor to afford a tax increase without grave suffering. This thinking is simply a continuation of Trickle Down economics that has been proven false by 30 years of empirical data.  Check my static post on “Flood Up Economics” on the top menu under economics.

Categories: Economics, Politics | Tags: , | Leave a comment

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