Sunday, February 20, 2011

Blame-Storming the Budget Deficit

Obama released his budget this week and Republicans are having a fit because he didn’t touch Social Security or Medicare.

Here’s the beautiful, ironic and humorous fact of Obama’s budget proposal: he left it to the Republicans to propose cutting benefits on the largest pool of voters they have; the elderly. C’mon, cut their benefits, I dare ya!

What blows my mind is how conservatives have taught blue-collar people to cut their own throats; telling them the deficit is the fault of too many entitlements for the poor and elderly and that the only way to fix it is on the backs of those who’ve already paid their fair share.

We could get far more revenue by closing the loop-holes in the tax-code and eliminating subsidies for oil corporations.

YOU are paying for low gas prices in the form of tax-payer funded subsidies to oil corporations. Not only are you PAYING for low gas prices, but you're making it easier for corporations to ship manufacturing jobs over seas, because it is SOOOOOO cheap to import manufactured goods from China and all other points of the globe!

If you weren't subsidizing oil companies, who are the most profitable of the American corporations, there might be a reason to manufacture stuff right here in the good old USA.

ExxonMobil has been the most profitable corporation in America for several years running and I can find no proof that they've paid a penny in taxes, and they’re not volunteering that information, because, legally, they don’t have to.

It was a blip on the radar of the main-stream media that General Electric and K-Mart paid not ONE penny in corporate taxes . . . how long you gonna let conservatives blame us blue-collar Joe Schmoes for the deficit?

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