Categories: Politics

War on Deficit/Debt – Sharing the Pain

If we are going to be forced to deal with the deficit/debt and ignore the economy and jobs, then getting the deficit/debt under control must be shared by all. Everyone must sacrifice, but some more than others.

It must be shared based on the degree to which citizens have suffered in recent decades as this deficit was created.

Those who suffered the most are the middle class and the poor. Their income has stayed even or fallen behind as their productivity gains were passed up to the corporate executives. They have gone into debt to make up the lost income, lost their homes, declared bankruptcy, been denied medical care, and lost union representation and their defined benefits retirement plans. They should now suffer the least to fix this fear-based problem.

Those who gained the most during recent decades should sacrifice the most now to fix the problem they helped create.

 

Personal debt is almost as large as it was prior to the Great Depression.

 

Middle class income hasn’t increased as income taxes
were dropped and their productivity rose.

 

The “empathy deficit” is larger now than when President Obama spoke of it in 2006 and has grown in direct proportion to the federal deficit. That needs to be reversed.

As we lessen our care for those among us who have the least, we sacrifice what makes this country honorable and admirable.

 

The national debt has been worse and the three decades after that
were our most prosperous for the middle class.

 

Our representatives should stand up for the poor and middle class. The middle class and poor should not be asked to suffer another blow to solve a problem they didn’t create.

Andy Hailey

Vietnam Vet, UT El Paso Grad, Retired Aerospace Engineer, former union rep, 60's Republican now progressive, web admin, blogger.

Recent Posts

My Most Recent Postings Are Shared at Op Ed News

--------- Check them out! ---------

5 months ago

Preserving Our Democracy – Allegiance To a Nation OR Serving a More Perfect Union

On the one hand, patriotism divides citizens into multiple factions based on variable notions of a nation and its history. On the…

2 years ago

Voters Can Empower and Protect Our Threatened Democracy

Voters have witnessed a long history of peaceful Executive leadership change.  However, we’ve just seen, 1/6/2021, how fragile that transition…

2 years ago

WAR, Civil or World, Enables Hunting Humans

This is about the need for national efforts to stop enabling haters (individuals and political parties) from optimizing their hunting…

2 years ago

Authoritarian Domination by 2030 in US!

In 2030, the entire world is condemned to extreme inequality, slavery, baby farms with women dressed in red and world domination as originally…

2 years ago

Predatory Capitalism: Chaining It?, Embracing It?, Controlling it?, Saving it?, Replacing It!

Any nation with either an authoritarian political system or an authoritarian economic system, like predatory capitalism, is susceptible to totalitarianism.…

2 years ago