Republicans to Get US out of Debt on Backs of
Those Who Can Least Afford It !
7/24/11
Dear Readers,
Republicans are negotiating with President Obama on a deal that would gut America's social safety net — and unless we act now, they may get their way.
Congress needs to raise the debt ceiling before August 2nd so that the government doesn’t default on its debts, wreaking havoc on the economy. But Republicans are refusing to vote for this unless they can also pass massive cuts to Social Security, Medicare, Medicaid, student aid, and other important programs that create opportunity and protect the most vulnerable among us. Democrats in Congress are holding the line, saying that they won't accept any cuts to these programs without asking huge corporations, millionaires and billionaires to contribute their fair share. "The Bush Tax Cuts"! But as the deadline approaches, Congressional Democrats will be under immense pressure to compromise their principles, even if it means giveaways for the rich while most Americans suffer.
That's why I'm joining my friends at ColorOfChange.org in calling on the White House and Congress to say no to any deal that asks people who are already struggling in this economy to sacrifice even more, without asking corporations and the rich to pay their fair share. Will you join me?
http://act.colorofchange.org/sign/debt? referring_akid=a10523635.1225919.93xXN5&source=copy_thanks_email
The moral line is clear: the budget must not be balanced on the backs of poor and working folks while millionaires and billionaires pay lower taxes than ever. Americans oppose cuts to Medicare and Social Security by a 2-to-1 margin, and a large majority thinks that keeping benefit levels the same is a bigger priority than short-term deficit reduction. And an amazing 72% of Americans are united behind the idea of asking the wealthy to pay their fair share of taxes. By speaking out, we can help give the President and Congressional Democrats the political space they need to stand strong against the GOP's dangerous demands. And the more revenue that is raised through taxes, the fewer cuts to benefits. If they stand strong, we can avoid the worst of the cuts.
http://act.colorofchange.org/sign/debt? referring_akid=a10523635.1225919.93xXN5&source=copy_thanks_email
Congress sets the maximum amount the federal government can borrow to pay its bills on time. If that limit isn't raised periodically, the government will begin to default on its debts. And when that happens, there will be far-reaching consequences for everyone, but especially poor and working folks.
If the government doesn't pay its bills, it's a lot like when you or I don't pay our bills -- it ruins our credit, and makes buying goods and services more expensive. Worse, it makes even having debt more expensive, which means that money the government will have to pay higher interest rates -- money that won't go to economic stimulus or preserving the social safety net. Most reputable economists say that government default would wreck the nation's economy, halting the already-weak recovery and possibly taking the world's economy down with it. That fact hardly matters to Republicans in Washington, who are treating the prospect of default like a high-stakes game of chicken. Many see an opportunity to gut programs that they never could otherwise, such as Medicare, Medicaid, and Social Security. It's a disgusting, cynical strategy. If enough of us speak out, we can help save the social safety net, and force corporations and the wealthiest Americans to pay their fair share. Please join us now:
http://act.colorofchange.org/sign/debt? referring_akid=a10523635.1225919.93xXN5&source=copy_thanks_email
Thanks,
Underdog = Don Jones
1. http://people-press.org/files/legacy-pdf/7-7-11%20Entitlements%20Release.pdf
2. http://www.politico.com/news/stories/0411/53455.html
3. http://www.nytimes.com/2011/07/01/opinion/01krugman.html
Republicans are negotiating with President Obama on a deal that would gut America's social safety net — and unless we act now, they may get their way.
Congress needs to raise the debt ceiling before August 2nd so that the government doesn’t default on its debts, wreaking havoc on the economy. But Republicans are refusing to vote for this unless they can also pass massive cuts to Social Security, Medicare, Medicaid, student aid, and other important programs that create opportunity and protect the most vulnerable among us. Democrats in Congress are holding the line, saying that they won't accept any cuts to these programs without asking huge corporations, millionaires and billionaires to contribute their fair share. "The Bush Tax Cuts"! But as the deadline approaches, Congressional Democrats will be under immense pressure to compromise their principles, even if it means giveaways for the rich while most Americans suffer.
That's why I'm joining my friends at ColorOfChange.org in calling on the White House and Congress to say no to any deal that asks people who are already struggling in this economy to sacrifice even more, without asking corporations and the rich to pay their fair share. Will you join me?
http://act.colorofchange.org/sign/debt? referring_akid=a10523635.1225919.93xXN5&source=copy_thanks_email
The moral line is clear: the budget must not be balanced on the backs of poor and working folks while millionaires and billionaires pay lower taxes than ever. Americans oppose cuts to Medicare and Social Security by a 2-to-1 margin, and a large majority thinks that keeping benefit levels the same is a bigger priority than short-term deficit reduction. And an amazing 72% of Americans are united behind the idea of asking the wealthy to pay their fair share of taxes. By speaking out, we can help give the President and Congressional Democrats the political space they need to stand strong against the GOP's dangerous demands. And the more revenue that is raised through taxes, the fewer cuts to benefits. If they stand strong, we can avoid the worst of the cuts.
http://act.colorofchange.org/sign/debt? referring_akid=a10523635.1225919.93xXN5&source=copy_thanks_email
Congress sets the maximum amount the federal government can borrow to pay its bills on time. If that limit isn't raised periodically, the government will begin to default on its debts. And when that happens, there will be far-reaching consequences for everyone, but especially poor and working folks.
If the government doesn't pay its bills, it's a lot like when you or I don't pay our bills -- it ruins our credit, and makes buying goods and services more expensive. Worse, it makes even having debt more expensive, which means that money the government will have to pay higher interest rates -- money that won't go to economic stimulus or preserving the social safety net. Most reputable economists say that government default would wreck the nation's economy, halting the already-weak recovery and possibly taking the world's economy down with it. That fact hardly matters to Republicans in Washington, who are treating the prospect of default like a high-stakes game of chicken. Many see an opportunity to gut programs that they never could otherwise, such as Medicare, Medicaid, and Social Security. It's a disgusting, cynical strategy. If enough of us speak out, we can help save the social safety net, and force corporations and the wealthiest Americans to pay their fair share. Please join us now:
http://act.colorofchange.org/sign/debt? referring_akid=a10523635.1225919.93xXN5&source=copy_thanks_email
Thanks,
Underdog = Don Jones
1. http://people-press.org/files/legacy-pdf/7-7-11%20Entitlements%20Release.pdf
2. http://www.politico.com/news/stories/0411/53455.html
3. http://www.nytimes.com/2011/07/01/opinion/01krugman.html
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