Then President Obama announced his executive action on immigration. Enraged Republicans promptly took vengeance on all the goodies for the working poor (as well as for clean energy), cutting them out of the deal and proposing a raft of permanent tax cuts for corporations alone worth $440 billion over 10 years. Cowed Democrats, led by Sen. Harry Reid (D-Nev.), were about ready to go along, prompting a decidedly justified outcry from liberals. Obama then threatened a veto, and the negotiations broke down entirely. A few takeaways from this. First, it’s yet another reminder that Republicans don’t care about the national debt. Conservative carping about the debt is 100 percent of the time a rhetorical cudgel deployed with utter cynicism against programs they dislike for other reasons. When the topic is food stamps or unemployment insurance, they demand offsets to pay for them. (Because “we’re broke,” as Speaker John Boehner (R-Ohio) put it in a similar context.) But when it comes to dropping planeloads of money on corporations and rich people, Republicans will casually blow a half-trillion hole in the 10-year budget without blinking. Source: The Week
Posted on: Sat, 06 Dec 2014 13:53:10 +0000
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