The first day of 2013 was a nightmare on Capitol Hill. In the name of "bipartisanship," corporate power stomped economic fairness.
One of the few dissenters, Senator Tom Harkin, refused to go along with the program. He said: "Maybe now we are all believers of trickle-down economics. Not I."
Click if you agree with Harkin.
The "fiscal cliff" deal was not all bad. Social Security and Medicare weren't cut. Unemployment benefits were extended. Taxes went up a tiny bit on some of the wealthiest.
But Pentagon spending remained outrageously high, giveaways to corporations were enormous, the President went back on his commitment to end tax cuts for more of the wealthiest, the deal raised taxes on people making $20-200K per year more than on those making $200-500K, and the debt ceiling limit remained -- setting up a big push to cut Social Security and Medicare in the coming months.
No deal at all would have been better than this one. Had the "Bush" tax cuts expired, the good parts of this deal could have been passed next week.
We must now work to take the focus off the deficit and put it on jobs and smart public investment. That means moving the money away from war preparations.
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-- The RootsAction.org team
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Jobs Not Wars