Reject the Fiscal Cliff, Tax the Rich

Invest in Infrastructure and Services

Democratic Socialists of America logo

Democratic Socialists of America logo (Photo credit: Wikipedia)

 A statement of the National Political Committee of the Democratic Socialists of America

November 20, 2012

 DSA rejects the “fiscal cliff” hysteria of the corporate establishment and the pressure for a “Grand Bargain” that would cut Social Security, Medicare and Medicaid. While unemployment remains high and economic growth slow, the government should not impose austerity measures that reduce essential programs that benefit the middle and working classes and that further shred the safety net for the most vulnerable. Rather, government policy should prioritize investments in job creation, public education and healthcare reform, while raising essential revenues by taxing the large corporations and wealthiest citizens who can afford to pay.

 

Immediately after the election, Wall Street-backed foundations such as Third Way and the Concord Coalition organized a “Campaign to Fix the Debt” to spin the election results as a mandate for a “bi-partisan” focus on reducing the deficit as the highest national priority. For decades the billionaire Pete Peterson has funded groups that claim that the universal entitlement programs Social Security and Medicare are bankrupting the nation and that their future growth must thus be drastically trimmed.  These neoliberals scored an initial success in 2011 when the Simpson-Bowles Congressional Commission put to a vote a long-term “budget compromise” that would have instituted three times as much in budget cuts than in tax increases. But despite President Obama’s evident willingness to reach such a one-sided compromise, Tea Party insistence on no tax increases, even on the wealthiest, scuttled the deal. The “resolution” of this manufactured, alleged “budget crisis” was to postpone a decision on further deficit reduction until the end of 2012, hence the contrived “fiscal cliff.” Continue reading

Reports Document Seven Years of Bush’s Failed Economic Policies

Frank Llewellyn
DSA National Director

The Census Bureau released its annual report on poverty in America on Tuesday .  While on the surface the data indicate a slight improvement in wages and the number of Americans with health insurance coverage, the reality is very different.

Adjusted for inflation, the median income for all households rose by 1.3 percent to $50,233 last year.  However, the news was not as good for working households headed by those less than age 65, whose increase was insignificant. Compared to the year 2000 figures, this group saw a reduction of income of $2,176. In 2007 the official poverty rate increased slightly, from 12.3 percent to 12.5 percent.

Continue reading

Bush Tries Again to Pass Free Trade Agreement with Colombia

To date the united and unrelenting critique of the Colombian and American labor movements of the systematic violations of union rights in Colombia has deterred the Bush administration from introducing legislation to ratify and implement the U.S.-Colombia Trade Promotion Act (née Free Trade Agreement). Now it is trying to use national security arguments to woo recalcitrant Democrats. By echoing Bush’s uncritical support for Colombia’s military attack on a FARC camp in Ecuador, Clinton and Obama appear naive and vulnerable to this duplicitous approach.

Continue reading

Follow

Get every new post delivered to your Inbox.

Join 1,242 other followers