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View Diary: Washington Has Lost Its Way (201 comments)

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  •  Sacrigice (10+ / 0-)

    I am sick and tired of people talking about shared sacrifice. Since when is it shared sacrifice for the wealthy to pay higher marginal rates on the top part of their income. Were the rich sacrificing after WW II when marginal rates were in the 90% level?

    The reality is that when income is more equitably distributed than currently, the rich become even richer.

    The debt deal was horrible. All you had to do was abstain from voting. The committee to cut spending is terrible. Over the long term I believe the deal will do more harm to the US economy than a default would have.

    As for cuts, here is a simple one, cut the value of the treasury bonds and thus lower the debt. As to default there were several solutions, have the Fed provide money, mint trillion dollar coins, employ the 14th amendment.

    As to weaken impediment, that stunk to high heaven and gave too much power to the executive branch. Just wait until a president impounds social security payments.

    Practice tolerance, kindness and charity.

    by LWelsch on Tue Aug 02, 2011 at 12:19:41 PM PDT

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