20 May 2011

What is with Democrats buying into Republican Economic Mythology?

Seeing MN Sen. Klobuchar on Rachel Maddow last night was a depressing experience. Here is a relatively liberal Democratic Senator from an upper Midwest State buying in almost whole cloth to the idea that we have a spending crisis resulting in unsustainable debt in this country.

I wish some Democrats would grow some spine, bone up on some basic economics, and start selling the following simple message, which is purely factual, unlike the Repub propaganda story:

WE DO NOT HAVE A DEFICIT CRISIS. WE HAVE A REVENUE SHORTFALL, MAINLY CAUSED BY TWO THINGS:

• IDLE WORKFORCE. Restore employment to "Full Employment" and most of the deficit will disappear.

(Yes, MORE, not less, stimulus and government spending... it's not a difficult concept. Say your plumbing business was in trouble because your truck was always breaking down. What do you do? Stop taking jobs and hope the people will come to you for your skills, or borrow money to buy a new truck and work hard to make enough money to pay the payments and earn a living? This country cannot grow its way back to prosperity by making cuts that result in more unemployment. That way lies Third World America. But get this... the richest who control the economy don't care. They hate working people and care nothing whatsoever about the health of the consumer economy. They are focused on themselves and their own personal wealth exclusively).

• EXCESSIVE REPUBLICAN TAX CUTS, PRIMARILY FOR THE RICHEST AMERICANS.

Just restore the tax rates to what they were at the end of Clinton administration and almost all the rest of the deficit will disappear. Restore them to what they were in 1960 and we would have a surplus within a very few years. The Republican "Starve the Beast" strategy, which Ronald Reagan was never able to really make work, has now finally reached its fruition, and is rapidly and thoroughly destroying the Middle Class. If Democrats can't make this a winning political issue, they deserve to go down and be replaced, probably after a long, dark, Depression, by a totally new political movement.

Combining these two things with even judicious (as opposed to massive) cuts in military expenditure, elimination of corporate welfare (oil and agribusiness subsidies and tax breaks especially), and serious efforts to control health costs (not by cutting benefits), and the rest of the deficit will disappear.

These are facts, and they are the basis of a potentially VERY POPULAR program... so how about it Democrats? What's with you guys? Oh, yeah, you're just as beholden to moneyed interests as the Republicans. I dare you... prove me wrong.

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