ponyyardstick | Pittsburgh City Paper

Member since Aug 3, 2011

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  • Posted by:
    ponyyardstick on 08/03/2011 at 10:54 PM
    Record corporate profits have not translated into more jobs in the U.S. Some economists are estimating 1 million more jobs could be lost next year as a result of the GOP spending cuts in the debt deal. GOP pretends to be upset at being called terrorists or hostage takers, but what would you call a small group of radicals ready to blow up the economy of the U.S. unless they get their way. Reduction in revenue from the Bush tax cuts combined with slower than expected growth and off-budget expenses of two wars and Medicare part D turned a Clinton-era surplus into a $6 trillion deficit. GOP's stated aim is to make Obama a one-term president, so they are willing to ruin the economy through 2012. We can't let the Tea Party dictate our future. With the greatest income inequality since 1929, we need to demand that the top 2% who own 50% of the wealth in this country pay their share.
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