The Mudcat Café TM
Thread #139355   Message #3197309
Posted By: Bobert
28-Jul-11 - 11:49 AM
Thread Name: BS: The Republican Default Crises
Subject: RE: BS: The Republican Default Crises
The "Cap, Cut and Balance Act" would put 50% of retired folks into poverty... Right now, we have 50% of our seniors living with less than $22,000 a year... What the Repubs bill would do is ***force*** draconian cuts in Medicare, Medicaid and Social Security...

If, however, the Repubs would agree to allow the tax rates that were in place 30 years ago when the middle class's wages stagnated and close the tax loopholes that the corporations have put in place during that time frame then maybe we would have a basis for a discussion but to expect the working class, the poor and the elderly to absorb 100% of the3 sacrifice and the wealthy and corporations to continue munching down their free lunch is not only immoral but a formula for armed revolution...

B~