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The President: The Income Gap Is Fraying U.S. Social Fabric


US Politics & Gov't  (tags: U.S., poverty, joblessness, assistance, Wall Street, bankers, bailout, recession, economic crisis, home foreclosures, President Obama, GOP, Dems, #GreenNewDeal, #GreenParty )

Brian
- 428 days ago - nytimes.com
The growing wealth inequity in the US has gotten sufficiently extreme for even the wealthy elites to notice. Can an end to the class war that the 1% has been waging against the rest of us be coming soon? Hardly. Not unless we get a Green New Deal.



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Comments

Jason R. (60)
Tuesday July 30, 2013, 9:43 am
The economic terrorists are at it again...

Republicans are gearing up to hold our economy hostage yet again. The last fight over the debt limit cost our economy $18 billion dollars, and despite that, the GOP is ready to do it all over again to try and force President Obama to accept even more extreme austerity measures. Last week, House Speaker John Boehner said, "we're not going to raise the debt ceiling without real cuts in spending. It's as simple as that."

However, over the weekend, Treasury Secretary Jack Lew warned against another manufactured emergency, telling CNN, "We've already done a lot of deficit reduction," and, "we need to get the debt limit extended in a way that doesn't create a crisis." He explained that we must start investing in our nation to "build our way to a better future," and said, "the President has made crystal clear, he's not going to negotiate over the debt limit."

Lawmakers must reach an agreement by early November to prevent the government from defaulting on its debts, and both sides are preparing for a fight. Republicans are simply ignoring the enormous deficit reduction that has already taken place, and implying that the painful austerity measures hitting Americans weren't the "real" spending cuts that the GOP has been calling for. Americans being hit with reduced unemployment, fewer meals on wheels for seniors, and forced furlough days would certainly argue that the sequester cuts are, in fact, very real.

This is shaping up to be another GOP-manufactured crisis to force the President to give in to economic terrorists' demands. Americans are fed up with Republican economic hostage-taking. As lawmakers head home for their 5-week summer recess, it's likely that they will hear just how frustrated Americans are. It's possible Republicans in Congress will actually listen to their constituents this time around, but it's more likely that we'll be facing yet another debt limit crisis in the coming months. Stay tuned.

-Thom
 

Brian M. (192)
Tuesday July 30, 2013, 10:06 am
The #inequality is growing every day between the wealthy elites, their corporations, and their lackeys in the two party system vs the rest of us. We have the best two party system that corporate dollars can buy. What we don't have is any representation on behalf of American people. We need a people's party that puts people ahead of corporate profits. #GreenParty
 

Past Member (0)
Tuesday July 30, 2013, 1:02 pm
If The GOP/Tea Party Have Their Way The Gap Will Get Even Larger!!! :-(
 

Kathleen R. (138)
Tuesday July 30, 2013, 1:19 pm
read & noted
 

Deborah W. (6)
Tuesday July 30, 2013, 1:45 pm
More extreme austerity measures -- really? Extend debt limit to "invest" -- really?

Where ya been the past four ... Hope and Change now reduced to hope ... Forward now in reverse.

Great rhetoric, empty substance, brass balls. Dems and President don't know what to do with each other anymore ... while the Repubs continue running circles around their base message. Sad for the common man.
 

Birgit W. (145)
Tuesday July 30, 2013, 4:07 pm
Noted.
 

Lois Jordan (56)
Tuesday July 30, 2013, 6:59 pm
Once again, nice words from the Pres. I have now voted for 2ce. He hasn't put his money where his mouth is, though. The sequestration passed, then Congress funded the war industry anyway with a different bill. Partly because of the pledge to Grover Norquist, there is no talk about increasing taxes on the wealthiest, or getting rid of loopholes or subsidies to industries that don't need them. Commodity speculation is still rampant. The Robin Hood Tax (Financial Speculation Tax) has still not been passed. But, they're still fine to threaten Medicare and Social Security, while decreasing food stamps (SNAP). A barrel of oil sits around $108.00---WHY?! This is shameful and disgusting.
We did get a party split last week on the Amash Amendment--to de-fund one single NSA program of the agency's bulk collection of the telephone records of all Americans under Sec. 215 of the Patriot Act. It didn't pass, but only lost by 12 votes. Check it out for yourselves: Tea Party member Amash had Dem. John Conyers co-sponsor this bill. (All Dems. who voted against it should be primaried). Is it possible that members from the 2 parties can come together over other bills that favor their constituents over corporations & our massive government surveillance? Pelosi linked arms with Boehner on this one. That should tell you a lot!
 

GGmaSheila D. (171)
Tuesday July 30, 2013, 7:09 pm
There have been a few instances of GOP, sans TP, and Dem holding hands across the aisles. Thinking that after the GOP gets back to work there could possibly be more togetherness - if the GOP constituents let them know that thesepolicie are hurting the, too.
Altho from what I understand the older Repub voters are squarely in their Congresspeople's corners. Add to that the fact of all the money that will be floating in their directions from Mega-Corps, etc I think it will be interesting to see what frame of mind they come back in.
Can't forget the TP in this whole thing. Some of them, like Rand Paul, will be helping their lesser GOP bretheren's campaigns; means the fanatics will be leading the rest of the asylum around by leashes.
 

Brian M. (192)
Tuesday July 30, 2013, 7:45 pm
What Americans are learning from what is apparently the fourth term of Bush is that, despite all the buck-passing, finger-pointing, and faux opposition, the two corporate owned and operated political parties are united in pushing through the corporate agenda at the expense of the American people. #Green #GreenParty
 
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