The Debt Deal–Elites Win, America Loses

In: barack obama|economics|health care|politics|Public policy

1 Aug 2011

I’m having a hard time seeing how Americans actually win with this debt deal.  Even the White House could only say that previous Republican proposals “would have placed the sole burden of deficit reduction on lower-income and middle-class families.”  But, without a revenue component, it does just that.

While it may look great that there are some cuts to defense spending, thus making the cuts in places besides social services, the President and Congress seem to have forgot that much of that spending also goes to middle class families.  Specifics weren’t laid out in the White House memo, but you can be assured that things like raises for soldiers and health care coverage  will be affected.  In fact, I have been having this conversation with my mother for a while with regard to her TRICARE Prime coverage.  That coverage which was once at the Cadillac level, is slowly but surely looking like Ford Fiesta.  I’m no fan of big military spending, but make no mistake, these cuts are not going to impact the big contractors making all the money in direct defense costs.  Programs like TRICARE will just get cut yet again.

So while military spouses like my Mom and poor people who benefit from social services will feel the “burden of deficit reduction,” the super-rich will still pay little to no taxes.

That’s not a shared burden.  That BS.

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2 Responses to The Debt Deal–Elites Win, America Loses

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Kathay Feng

October 5th, 2011 at 10:40 am

Thanks for making me think about this deal a litle more deeply. I think I wanted the bickering to stop so much that I lost sight of what was traded away.

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reylc

October 27th, 2011 at 5:45 am

Thanks Kathay, I’m pretty sick of the bickering too.

P.S. I look forward to working with you soon!

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