The Post scorns the “show horses” on the right (Ted Cruz) and left (Elizabeth Warren, Nancy Pelosi) for not knowing the difference between “posturing and policy-making.” The bill is larded with what the Post calls “regrettable, not cataclysmic” special interest giveaways: new tax dodges for the wealthy and corporations; repeal of a key part of financial reform for Wall Street, allowing banksters to gamble not only with other people’s money but with taxpayer guarantees for losses; an expansion of big money in politics; continuing cutting of EPA’s capacity; the stunning authority to cut the vested pensions of already retired workers and much more. The tax dodges and crippling of IRS enforcement starve the government of revenue. That enables conservatives in both parties to demand cuts in spending since clearly government must “tighten its belt.” The Washington Post and other bastions of established opinion weigh in somberly to call for “regrettable but not cataclysmic” grand bargains – featuring cuts in Social Security and Medicare – to get deficits under control. Cutting, not raising, revenue is a feature, not a bug. - Robert Borosage
Posted on: Tue, 16 Dec 2014 20:46:00 +0000
Trending Topics
Recently Viewed Topics
© 2015