Wednesday, January 02, 2013
I Agree with Republicans
Consider that, in fiscal year ending 2011 alone, according to CNBC, there were more than $530 billion in government contracts awarded to defense contractors. Yes, that's almost as much revenue as will be raised in a decade by the recent fiscal cliff deal. http://www.cnbc.com/id/42494839/10_Companies_That_Make_Billions_From_The_US_Governmen
Bottom line: the fiscal cliff income tax hike on people earning $400,000-$450,000 a year is projected to raise roughly $600 billion over the next ten years, or $60 billion a year which represents about 9% of what taxpayers awarded defense contractors in just one year.
If you're thinking President Obama has already cut defense spending over the past four years, you're right, but they're small cuts phased in over ten years. Reportedly, the Obama administration has phased in cuts to defense over the next decade that will be pretty much equal to the revenue that will be raised from raising taxes on individuals earning over $400,000 a year. http://www.dodbuzz.com/2012/09/11/romney-obama-defense-differences-fall-to-budget/
This is what has Republicans in a snit. They don't want any cuts to defense. Republicans also don't want anything more than a marginal, cosmetic increase on taxes even for those whose income puts them squarely in the upper 1%.
Republicans want to ensure that war contractors don't lose one night's sleep over any budget reform they authorize. They want to continue to cater to the drone lobbyists, yes, the ones who would have you think that an unemployment check is essentially no different than welfare, the ones who would like to roll back health care benefits under Medicaid so that many disabled are no longer covered, the ones who would like a voucher system instead of "Obamacare." These are the folks in big Pharma's back pocket. These are the folks who have worked desperately for generations to keep warning labels off a pack of cigarettes. These are the folks who are in Smith Wesson's pocket, and who hide behind a sense of constitutional entitlement, calling it their Second Amendment right to bear arms.
Yes, that's right. Constitutional entitlements are fine and dandy as long as they don't include a woman's constitutional right to terminate an unwanted, or potentially lethal pregnancy.
There is rape, and there is legitimate rape. So, when you hear legislators from the right wing side of the aisle cry out for the urgent need for "deficit reduction," to make much needed changes to Medicare, Social Security, end extensions to unemployment, and curtail food stamps; if they're allowed to prevail, consider yourself raped, America, legitimately or otherwise.