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View Diary: Obama makes fiscal cliff statement (454 comments)

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  •  Stubbornly Pursuing the Wrong Path (5+ / 0-)

    Remind me again why we are talking about cutting taxes? It's unbelievable to me that President Obama is putting retaining the tax cuts as his top priority. Taxes are not too high. Incomes are too low. If you are having problems paying your taxes then you don't have enough income.

    Where is the focus on creating jobs and increasing wages? Where is he working on the deficit that really matters, the trade deficit?

    The trade deficit this year will cost the Social Security program a least a billion dollars in lost revenue for wages paid outside the U.S. for which we collect no payroll taxes. This constant drain on our retirement plan mounts up year after year. And then they have the nerve to tell us that there's going to be a shortfall.

    Where's the increase in the minimum wage? Year after year we suck more money out of the working part of the economy. If you want to reduce government spending then the way to do that is to increase the minimum wage. When you do that you move people off SNAP and other programs that add to the deficit. Yet, not a single word about the minimum wage in all these negotiations.

    Look, Mr. President, I love you, but you have to do better than this. You have to fight for a winning strategy, not just the best deal you think you can get with the Republicans. They've proven themselves incapable of running the economy. Anything you accept from them is a guaranteed source of economic problems. If this is all you can get now, wait. Wait for the new session to begin and then go back and start fresh.

    You'll get a much better deal for the American people.

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