Mar 1, 2013 | By ThinkProgress War Room
Sequester: “A Fancy Word for a Dumb Idea”
That’s what the President of the AFL-CIO, Richard Trumka, called the sequester — and he’s absolutely right.
Republicans have once again shown that they’ll do almost anything to protect the wealthy and special interests like Big Oil — no matter the cost to the rest of us and to the economy. This time, they have allowed devastating across-the-board spending cuts to kick in.
Just yesterday, the Senate voted on a balanced plan to replace this year’s indiscriminate cuts with a mix of targeted cuts and new revenues from ending loopholes for the very wealthiest Americans and corporate special interests. This plan got 52 votes and should have passed but Republicans blocked it by insisting on a 60-vote margin.
It’s clear that Republicans would rather impose painful spending cuts that will hurt the economy and millions of Americans than end a single tax loophole for the wealthy and special interests like Big Oil and Wall Street.
As a reminder, here’s a list of things Republicans apparently prefer to happen instead of eliminating wasteful giveaways in the tax code:
Not all these things will happen overnight, but they will happen. And the longer the sequester goes on, the worse things will get. Worse yet, unless a permanent replacement is agreed to, these painful and damaging cuts will continue for nine years.
BOTTOM LINE: Instead of standing by and watching as our economy and millions of Americans are hurt by these irresponsible and devastating cuts, Republicans need to agree to reduce our deficit with the kind of responsible, balanced approach that three-quarters of Americans prefer. Their reckless behavior got us into this mess in 2011 and now it’s time for them to come back to the table and help get us out of it before the worst impacts of these indiscriminate cuts happen.
Evening Brief: Important Stories That You Might’ve Missed
Draft State Department report says the Keystone XL pipeline is environmentally sound.
How sequester cuts to the IRS might raise the deficit.
President Obama: marriage equality should be the law of the land.
Happy 100th Birthday, Big Oil tax breaks!
VIDEO: The GOP constantly pretends we haven’t already cut trillions in spending.
Sean Hannity launches Islamophobic attack on Rep. Keith Ellison (D-MN).
Austerity fail: European unemployment hits record high, again.
Another day, another extreme anti-abortion bill enacted by the GOP.
Don’t worry, the next manufactured crisis is just over three weeks away!
Saturday, March 02, 2013
Posted by Bob Pflanz at 12:21 PM