Wednesday, March 20, 2013

Next Question:

Why are the Democrats so timid, especially in the face of unapologetic Republican extremism? And this goes for Obama, too. He keeps talking about the "grand bargain" that he wants to negotiate, by compromising with the same Republicans who want to eviscerate any program or service that aids the poor or "middle class," want to repeal Obamacare and are determined to make Obama's presidency a failure, even if he was reelected.

Nader pointed out the obvious, when he identified the "defeatist" Democrats, who took no advantage in 2012 of the incredibly unpopular policies and votes of the Republican Congress, like cutting programs for the poor, while cutting taxes on the rich.

As I pointed out last week, the deficit/debt/austerity politics that roils inside the Beltway is also highly unpopular, except with one demographic: the wealthy. But Democrats, who call themselves The People's Party, are too scared to take a popular stand because they are almost as dependent on wealthy donors as Republicans.

In other words, we live in an extremely corrupt political system: politicians may not get direct payoffs, but they do get wealthy from currying rich people's favor. They don’t organize politics like old Boss Tweed, or Mayor Daley Senior, but they are even more corrupt: their whole agenda, such as it is, justifies and rewards the extremely wealthy--and this is not just the extremist GOP, but the "mainstream" GOP, and some Democrats, as well. Democracy does not come trippingly off the tongue.

However, the Congressional Progressive Caucus offers a no-nonsense alternative to GOP Paul Ryan's vague, reactionary budget and cancels the sequester. Progressives claim their budget, entitled Going to Work, would reduce the deficit in three years by producing 7 million jobs and increasing GDP by 5.7%.

Supporters claim that investing in jobs, in infrastructure, which civil engineers recently pinpointed for much needed repair, in teachers and cops--in people--would reduce the deficit. The budget also raises revenue by closing tax loopholes on higher incomes and raising taxes on millionaires and billionaires, including taxing investment income the same as wages; it's now at preferential low rates. Proponents claim the expansionary budget would cut the deficit by $4.4 trillion. Some of the loopholes to be cut, aside from investment income: $112 billion fossil fuels industry subsidy; $70 billion: food and entertainment corporate deductions; $13 billion: yachts and vacation homes deductions and $25 billion: eliminating a stock options loophole.

The Democratic Senate's budget is timorous by comparison, although at least it protects Medicare and Social Security from cuts. But why can't mainstream Democrats advocate for an expansionary budget to grow revenue? The Fed's Bernanke says we shouldn't cut spending until growth stabilizes; even Republicans admit the "fiscal crisis" is only a future problem.

Because our Roman Senators, the extremely wealthy, control the political debate and promote their interests: lower taxes for them; no protection from their rapacity and reduced/no services for everyone else. They want a society like Fifth Century Rome.

No comments:

Post a Comment