290 online
 
Most Popular Choices
Share on Facebook 50 Printer Friendly Page More Sharing Summarizing
OpEdNews Op Eds    H3'ed 11/12/10

Obama Team's Deficit Cutting Proposal: Benefit the Few, Harm the Many

By       (Page 5 of 6 pages) Become a premium member to see this article and all articles as one long page.   11 comments

Stephen Lendman
Message Stephen Lendman
Become a Fan
  (190 fans)

This piece was reprinted by OpEd News with permission or license. It may not be reproduced in any form without permission or license from the source.

In a November 10 press release, BPC "appaud(ed NCFRF's) efforts....to address the nation's serious fiscal problems and hopes they can achieve the commission's support for a viable plan."

A supportive November 10 New York Times editorial also endorsed it titled, "Some Fiscal Reality," saying:

"The draft proposal by the chairmen of President Obama's deficit-reduction commission was a welcome antidote to the low-minded debate that dominated the midterm elections," offering "no credible plans."

"It lays out sensible principles....It puts everything on the table, including tax reform" and spending cuts. "At a time when good ideas are depressingly scarce in the political and economic debate, and bipartisan agreement even scarcer, this is a commendable start."

The editorial ended saying:

"We hoped the Republicans would pause long enough in their gleeful planning of President Obama's final defeat, and the Democrats would stop wringing their hands, long enough to read this important document - and then act on it."

Given decades of distorting and suppressing truth, endorsing imperial wars, supporting wealth and power, backing corporate interests, and disdaining working Americans, the Times' position is unsurprising. It also recommends a value added tax to "spur growth," hitting lower income Americans hardest if enacted.

Hopefully saner voices and public outrage will kill it, sending it to history's dustbin where it belongs, along with neanderthal extremists who proposed it.

Next Page  1  |  2  |  3  |  4  |  5  |  6

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Well Said 3   Must Read 2   News 1  
Rate It | View Ratings

Stephen Lendman Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

VISIT MY WEBSITE: stephenlendman.org (Home - Stephen Lendman). Contact at lendmanstephen@sbcglobal.net.  My two Wall Street books are timely reading: "How Wall Street Fleeces America: Privatized Banking, Government (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter

Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert

To View Comments or Join the Conversation:

Tell A Friend