A couple of things this morning…

Well…I am getting to the point that I am ashamed to be a resident of this great state of Michigan with what out legislators have just done…we’re now the first state to cut off unemployment benefits to help ease the tax burdens of corporations who are wallowing in the highest profits on the history of the world. Yep, you heard it right, we are going to cut off the unemployed here just to make sure that business can keep their tax rate lower than it’s been in 30 years. I am getting tired of pointing out the immorality of balancing our budget here on the backs of the poor, retired, and unemployed when a small tax increase across the board would wipe out the deficit and give us some breathing room until the economy recovers. If this is gov Snyder’s idea of “shared sacrifice”, then I am being forced to recant my support for raising my own taxes to help….these guys have been exposed for what they are…just the same old repubs dancing to the tune of their corporate masters who will not be happy until all of the wealth of this country is in the hands of the top 1%.

The second thing I want to talk about is the downright idiocy that is passing for fiscal policy here in the US. If you’ve been following the european economy, and Ireland and England in particular, you see that they have implemented exactly the same austerity measures that are being proposed here; cutting spending and lowering taxes. But what the right here doesn’t want you to know is that these measures are not working in any economy where they’ve been tried…in fact, the deficit reduction that is being championed here as a job growth measure has resulted in a loss of jobs and tax revenue which will make the deficit worse over the long run, not better. When did we become so stupid that proven economic theory (deficit spending in the midst of a recession) has been replaced by fear that deficits will cause the mythical “bond fairies” to stop buying our debt? Now, I’m all for reining in government spending in good times, but not in a recession where these cuts will create a permanent underclass of the unemployed. Geez….

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