Republicans Disguise Their Economic Abuse of the American People as Debt Hysteria

http://www.politicususa.com/republicans-disguise-economic-abuse-american-people-debt-hysteria.html


Republicans Disguise Their Economic Abuse of the American People as Debt Hysteria

By: Rmuse
Mar. 6th, 2013


snip//

First, there is no crushing debt, or deficit, and making relentless cuts that kill jobs and take money out of the economy will not, have not, and can not grow the economy or hasten recovery. Still, Republicans and some Democrats parrot the “deficit reduction” meme with frantic alarm and particularly the blatant lie that cutting Social Security will affect the debt, or deficit, by one penny. Besides deliberately killing jobs, Republicans complain President Obama’s “out of control spending” is crushing the economy when the reality is reduced spending reduced fourth quarter GDP by .7% and the Koch brothers sequester threatens to cut up to 1.7% more in seven months of a ten year slash-and-burn campaign guaranteed to kill millions of jobs, create a recession, and increase poverty to levels unseen since the Great Depression.

There are those who ask; what do wealthy industrialists like the Koch brothers, Wall Street CEOs, and Republicans have to gain by killing jobs and creating a recession, and it reveals their ignorance of the after effects of the Great Depression and Recession. Remember, that after both of America’s flirtations with economic demise that created massive unemployment and widespread poverty, the richest Americans increased their wealth by unimaginable amounts, and they see another opportunity to emerge from an economic recession with greater wealth and power to control the direction of the country for years. The Koch brothers, for example, became richer by billions of dollars during President Obama’s recovery, and yet they funded attempts to defeat his re-election bid so Willard could enact deep austerity that has driven double and triple-dip recessions across Europe. A recession to enrich the wealthy explains the GOP’s austerity drive because they learned from living examples that the quickest way to create a wealth-producing recession is austerity that kills jobs, cuts domestic programs, and increases poverty among already embattled working-poor Americans.

Americans can hardly take much more economic abuse from Republicans, Wall Street CEOs, or Libertarian teabaggers panting to cut spending under the guise of debt or deficit reduction just to enrich wealthy industrialists. Barack Obama has presided over the sharpest cut in spending in 60 years, and the phony deficit is being reduced at levels that threaten to undo the meager recovery by starving the government of much-needed revenue better spent investing in infrastructure, renewable energy, and education, but that would mean a thriving economy that Republicans will never allow, not when there is wealth for their supporters in a recession.