POLITICAL observations & opinions

* I agree with Krugman … it’s past time for President Obama to get tough … don’t renew the Bush tax cuts for millionaires, not for one day … turn the heat on the Republicans who refuse to extend the tax cuts for the middle class … let the Republicans filibuster

Posted by Lew Weinstein on December 6, 2010

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Paul Krugman writes in the NYT (12/5/10) …

  • Democrats have tried to push a compromise: let tax cuts for the wealthy expire, but extend tax cuts for the middle class.
  • Republicans, however, are having none of it. What should Democrats do?
  • The answer is that they should just say no. If G.O.P. intransigence means that taxes rise at the end of this month, so be it.

America cannot afford to make those cuts permanent.

  • We’re talking about almost $4 trillion in lost revenue just over the next decade; over the next 75 years, the revenue loss would be more than three times the entire projected Social Security shortfall.
  • giving in to Republican demands would mean risking a major fiscal crisis — a crisis that could be resolved only by making savage cuts in federal spending.
  • if Democrats give in to the blackmailers now, they’ll just face more demands in the future.

Mr. Obama should draw a line in the sand, right here, right now.

  • If Republicans hold out, and taxes go up, he should tell the nation the truth, and denounce the blackmail attempt for what it is.

read the entire article at … http://www.nytimes.com/2010/12/06/opinion/06krugman.html?ref=opinion

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LMW COMMENT …

This is yet another opportunity for President Obama to take a stand on what he believes and do the right thing. Show the Republicans for the obstructionist, do-anything-for-the-wealthy party they are. Refuse to sign any bill that foolishly eliminates future revenue and virtually mandates the eventual dismantling of Social Security and Medicare as we know it. Put the bill on the Senate table and let the Republicans filibuster, showing them clearly for what they are.

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3 Responses to “* I agree with Krugman … it’s past time for President Obama to get tough … don’t renew the Bush tax cuts for millionaires, not for one day … turn the heat on the Republicans who refuse to extend the tax cuts for the middle class … let the Republicans filibuster”

  1. Karen said

    Does anyone else have the feeling that we were duped into voting for another Republican. Obama gets in and turns his back on what Democrats stand for. Was his only goal to become the first black/white president. I’m beginning to think so. I’ve never been so disappointed and hesitate to support any politician. His final act has been that he has turned off people with hope for a better America and it will take years (if ever) to get us back.

  2. maureen hanahan said

    I am disappointed and angry also, NOT at President Obama, but
    with the callous and greedy Republicans. They played chicken
    with poor people’s lives, using unemployent as a bargaing
    tool. Millions of people unemployed and thats what they held
    over the President’s head. It’s easy for us to get upset with
    President Obama, we have a roof over our head and food on the
    table. As I recall, it was President Obama’s empathy
    for the poor that gave him magnetic appeal..and I still feel
    that is his passion. Shame on any Republican that would boast
    on today’s decision….Maureen Hanahan, Stuart Fla.

  3. Linda said

    I couldn’t agree more. Paul Krugman’s op-ed last week truly hit me on the side of the head with its no-holds-barred accuracy. We all thought we elected a man of strong principles who would champion the causes of vital interest to most Americans. We have forgiven him over and over again when he has not forcefully put forth the agenda we had hoped he would pursue. At this point I guess it is a waste of time to think the situation will change. He obviously hasn’t the depth or spirit we thought he had. Disappointed is putting it mildly. Complete failure is more to the point.

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