Thursday, May 27, 2010

Deficit Hawks Are Attacking Middle And Working Classes Yet it Was Corporate and Wealthy Elites Who Produced the Current Deficit Increase!
Mike Lux writes at the Huffington Post:

"So just to summarize here: the deficit is caused by tax cuts for the rich, an economic collapse caused by wealthy bankers which resulted in bailouts for those wealthy bankers plus massive pain for middle income and poor people, tax loopholes and corporate subsidies designed to help the wealthy, plus two wars and wasteful defense spending (much of which goes into the pockets of wealthy defense contractors). And the solution for the deficit hawks: target middle class and lower seniors for social security cuts, and put in a regressive tax that is a burden to low and middle income people..."

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