The Conservative Cave
Current Events => Economics => Topic started by: CG6468 on August 16, 2011, 10:46:53 AM
-
Clyburn hopes to use supercommittee post to tackle growing wealth gap
By Mike Lillis - 08/14/11 07:10 AM ET
A leading House Democrat is hoping to use his prestigious seat on the deficit-cutting supercommittee to close the growing gully that divides the rich and the poor in America.
Rep. James Clyburn (S.C.) said the recent debate over slashing spending and reducing deficits has all but ignored the toll those cuts could exact on lower income folks, particularly in minority communities. Clyburn – the third-ranking House Democrat and a member of the Congressional Black Caucus (CBC) – is vowing to use his perch on the Joint Select Committee on Deficit Reduction to tackle the nation's enormous wealth gap.
"In 1963, Dr. [Martin Luther] King [Jr.] expressed disbelief that the vault of opportunity in this great country was empty. Yet in 2011, the gap continues to grow wider between those who enjoy great wealth and those who struggle to get by with little thought of ever getting ahead," Clyburn said in a statement reacting to his appointment on the deficit panel.
"Too often, the human side gets lost in the Washington debates about our nation's debt and deficits," he added. "I will seek to keep those interests on the table."
Many liberals in and out of Congress have attacked the Republicans' budget strategy for focusing on steep cuts to domestic and safety-net programs, while excluding any new stimulus spending or tax-revenue increases. The critics argue that the unbalanced nature of that strategy puts a bulk of the deficit-reduction burden on low- and middle-income families, while corporations and wealthy Americans are left off the hook.
It was only a matter of time until Clyburn played the race card and the anti-"rich" card.
Same old crap from dummies (http://thehill.com/homenews/house/176779-clyburn-hopes-to-use-supercommittee-post)
-
This super congress is designed to fail from the start. The whole process is going to let deep cuts be made in defense spending and other areas that no one wants to take responsibility for. The super congress will fail to reach consensus and the automatic cuts will come into play.
-
The amount of the "cuts" (decreases in the rate of increasing the deficit, actually) are so immaterial, and so far out, and so unlikely to occur, that this event is 99.999999% pure politics.