Thursday, December 02, 2010
GOP: Let Them Eat Cake
So you want to know what the GOP stands for as a political party? Here it is in a nutshell: $830 billion in tax cuts for the rich, but no extension of unemployment benefits for workers costing $12.5 billion. In fact, the bias of the Repugnants towards the wealthy is so strong that a GOP state politician likened the unemployed to stray animals, saying, "you're facilitating the problem if you give an animal or person ample food supply." Even if every position in the economy were filled, most workers would not be able to work because there is such a large labor surplus. Contrary to creating parasitic "hobos", unemployment benefits contribute mightily to economic growth. Think US Person an unreliable source? Then ask super rich investor Warren Buffet. He says the "trickle down" economic theory, where the rich are made richer in hopes the wider economy will benefit, does not work. In contrast, economists say the economy grows by almost $2 for every dollar spent on benefit payments because recipients spend it almost immediately on necessities. On the list of 11 fiscal measures analyzed by the Congressional Budget Office for stimulating economic growth, unemployment benefits are at the top for effectiveness. Our national political discourse has become so skewed it resembles a passage from Lewis Carol.