Politics Magazine

War on Deficit/Debt – Sharing the Pain

Posted on the 13 July 2011 by Andy96

If we are going to be forced to deal with the deficit/debt and ignore the economy and jobs, then getting the deficit/debt under control must be shared by all. Everyone must sacrifice, but some more than others.

It must be shared based on the degree to which citizens have suffered in recent decades as this deficit was created.

Those who suffered the most are the middle class and the poor. Their income has stayed even or fallen behind as their productivity gains were passed up to the corporate executives. They have gone into debt to make up the lost income, lost their homes, declared bankruptcy, been denied medical care, and lost union representation and their defined benefits retirement plans. They should now suffer the least to fix this fear-based problem.

Those who gained the most during recent decades should sacrifice the most now to fix the problem they helped create.

 

Personal debt is almost as large as it was prior to the Great Depression.
War on Deficit/Debt – Sharing the Pain

 

Middle class income hasn’t increased as income taxes
were dropped and their productivity rose.
War on Deficit/Debt – Sharing the Pain

 

The “empathy deficit” is larger now than when President Obama spoke of it in 2006 and has grown in direct proportion to the federal deficit. That needs to be reversed.

As we lessen our care for those among us who have the least, we sacrifice what makes this country honorable and admirable.

 

The national debt has been worse and the three decades after that
were our most prosperous for the middle class.
War on Deficit/Debt – Sharing the Pain

 

Our representatives should stand up for the poor and middle class. The middle class and poor should not be asked to suffer another blow to solve a problem they didn’t create.

War on Deficit/Debt – Sharing the Pain

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Pull Apart Cinnamon Roll Bread

    Pull Apart Cinnamon Roll Bread

    Who doesn't love cinnamon rolls? Not many people I would assert. I saw this recipe for a Pull Apart Cinnamon Roll Bread on Pinch of Yum a while back and had... Read more

    12 hours, 42 minutes ago by   Mariealicerayner
    FOOD & DRINK, RECIPES
  • $500 Weekend Blowout

    Well a month ago our $1,000 post was very successful, a number of sales took place and it brought about members engaging with one another to get some deals... Read more

    14 hours, 21 minutes ago by   Worldwide
    BUSINESS, TECH
  • Proliferation of Hate and Intolerance

    Proliferation Hate Intolerance

    Paul Brass provides a wealth of ethnographic and historical evidence on the causes of Hindu-Muslim violence in India in The Production of Hindu-Muslim Violence... Read more

    15 hours, 45 minutes ago by   Dlittle30
    SOCIETY
  • Unpacked Book Trailer

    Unpacked Book Trailer

    Introducing…The Unpacked Book Trailer!!Back in December, my friend and filmmaker Andrew MacCormack and I got to together for a chat at my cottage in Stanley... Read more

    15 hours, 52 minutes ago by   Moduffycobb
    DIARIES, SELF EXPRESSION
  • Currently....

    Currently....

    Happy Friday folks bitches! Time and Place: 4:24 p.m. At my computer in my home office looking at my dog and counting down 36 minutes until happy hour. Read more

    The 26 May 2017 by   Brisdon
    ATHLETICS, FITNESS
  • ETSY MIX of the Week

    ETSY Week

    1 | Hoop earrings are making a comeback. These solid ones with the v shaped cutout are very pretty (umya, $56.89) 2 | A gorgeous birch wood plate to serve and... Read more

    The 26 May 2017 by   Myparadissi
    HOME, INTERIOR DESIGN
  • Berghaus Dragon’s Back Race 2017 – Day Five – The Finish Line

    Berghaus Dragon’s Back Race 2017 Five Finish Line

    MARCUS SCOTNEY AND CAROL MORGAN WIN THE BERGHAUS DRAGON'S BACK RACE 2017 Marcus Scotney put aside injury concerns to lead from the front on the final day and wi... Read more

    The 26 May 2017 by   Abichal
    OTHER SPORTS, OUTDOORS

Paperblog Hot Topics

Magazines