Merriam-Webster: plu·toc·ra·cy noun \plü-?tä-kr?-s?\
1: government by the wealthy
2: a controlling class of the wealthy
This comment by Mitt Romney flew under the radar during his town hall yesterday in Euclid, Ohio, but it's substantively important:
Now, I'm not going to cut a trillion dollars in the first year. And I heard a question. Why not? And the answer is: taking a trillion dollars out of a $15 trillion economy would cause our economy to shrink and would put a lot of people out of work.
As shocking as it is to hear Mitt Romney make the case against austerity, this is not entirely new from him. would "slow down the economy.Nobel prize winning ones) can tell you, Romney is of course right: Cutting spending when the economy is vulnerable is a recipe for economic trouble.
But here's my question: If Romney says spending cuts hurt the economy, why are spending cuts at the heart of his fiscal policy?
Romney might not be proposing a trillion dollar cut in year one, but he's endorsed Cut, Cap and Balance which would have established spending caps that would have cut spending by $637 billion had they been in effect for FY2011. 111 billion, but the long-term policy would have led to massive spending cuts—the exact sorts of spending cuts that Romney says would hurt the economy.
Actually, given his spending proposals, maybe the real question is ask is this: Why does Mitt Romney want to destroy jobs?
Read more of this DailyKos Article
Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.
~ U.S. January 2013 -Bureau Labor Statistics
| Welcome | About Us | Site Guide | News Sitemap | Help Sitemap | Privacy | Anger Management | Contact Us |
Thank you for taking the time to comment.