In case your attention has been elsewhere, there’s been some major drama on Capitol Hill about the Federal Budget. Worst case scenario is worse than the government shutdown of the 1990s. It would actually give the U.S. government the same kind of credit rating I had a year after my layoff back in 2002.
To sum up the debate, Democrats think we should raise taxes and cut some social programs. Republicans think we should just cut social programs. Because, you know, rich people create jobs. It’s magic!
Some background from more objective sources here:
New York Times: Federal Budget 2011 and 2012
Dear Rep. Markey:
I wanted to thank you for signing the letter from the Progressive Caucus saying you will vote NO on any bill that cuts Social Security, Medicare, or Medicaid benefits.
I’ve seen the pie charts of the federal budget and realize that entitlements make up a substantial chunk. I’m more realistic than some folks and doubt that we will be able to get through the current economic crisis without at least some cuts to social programs. But doing so while the richest among us continue to enjoy tax cuts given to them during the Bush administration isn’t just unfair or unjust: it’s downright disgusting.
As a native of Boston, I’m sure you’re familiar with the statues erected in honor of the Irish who suffered through the potato famine of 1847 — you may even have ancestors who arrived on these shores as a result of it. The memorial on the Cambridge Common includes the inscription, “Never again should a people starve in a land of plenty.” Recently I noticed a piece of graffiti written under it saying “and yet they still do.” And it’s true — there are people going hungry right here in the Boston metro area, in spite of our exemplary social programs.
I thank you for standing up to the interests of the large corporations and rich individuals who find it so easy to access our country’s leaders. Your recent speech about the GOP’s “Deficit Attention Disorder” made me particularly proud to have you as my representative in Congress.