We need jobs, not deep cuts
To the editor:
I hope we're not too surprised to find that, once again, voter wishes have been transmuted by the Republicans into "mandates" for their long-standing agenda of lowering taxes for the wealthy and slashing support for the poor and the middle class.
Last time - the 2004 presidential election - the war on terror led to
George Bush's re-election, which quickly morphed into an attempt to
dismantle Social Security.This time - the 2010 midterm elections - it
was the deep pain of the Great Recession.But, having blocked the end
of Bush tax cuts for the wealthy in December, Republicans are now
voting for deep cuts in government protection and support, and going
further to dismantle collective bargaining and the union movement, and
turn us into a nation of politically powerless Walmart workers, while
wealth continues to flow to the big shots.
Before the 2010 election, the Republican campaign mantra was, "Where
are the jobs?"I asked Rep. Greg Walden at his recent town hall meeting
about the impact of spending cuts on our prospects for recovering from
the Great Recession.He said government spending wasn't the answer,
even though over 700,000 federal and private jobs may be lost.When
asked about those job losses, Speaker of the U.S. House of
Representatives John Boehner's response was, "So be it."
Yes, there is an uncomfortably large budget deficit.But may I suggest
that people who lose their jobs stop paying income taxes, start
receiving unemployment, and don't generate the consumer demand that
might boost us out of this huge economic slump.Job loss means
pain.Why not revisit the relatively pain-free alternative of raising
taxes on the wealthy?
Rep. Walden went on to assert that government regulation is holding
back the economy by dissuading businesses from investing.It's like
Chris Dudley's campaign promise to cut capital gains tax to spur
investment.But, you know, we are hardly suffering from a lack of
productive capacity. What we lack is consumer demand.Walden and Dudley
are merely continuing to promote the narrow interests of the big
corporations and the wealthy.
But, are we surprised?