Our Political Insanity in Three Headlines: Tax Breaks for the Rich, More War, and Cuts to Social Security

Monday, November 15, 2010
By Paul Martin

By: Jon Walker

To understand how ridiculous the “serious” people are in Washington, and how broken our political debate is, let me draw your attention to the three biggest political stories of the day. Together, they make the clear case that all this so-called concern about the “deficit” is simply a justification the powerful use to attack the middle class.

Tax Cuts for the rich must be extended

We learn the Democrats and President Obama are likely going to fold to Republican demands and extend all the Bush tax cuts. A move that will cost the government hundreds of billions. From the Huffington Post, ”White House Gives In On Bush Tax Cuts”:

President Barack Obama’s top adviser suggested to The Huffington Post late Wednesday that the administration is ready to accept an across-the-board, temporary continuation of steep Bush-era tax cuts, including those for the wealthiest taxpayers.

That appears to be the only way, said David Axelrod, that middle-class taxpayers can keep their tax cuts, given the legislative and political realities facing Obama in the aftermath of last week’s electoral defeat.

[Note: Axelrod has tried to walk this back even though the White House has been signaling the cave in for a long time.]

Three more years of war

The Rest...HERE

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