Thursday, December 12, 2013

5 Things wrong with the current budget deal: Screw the middle class and unemployed


 the reality of this misdeal.  It keeps government open (at least until March when the borrowing authority is exhausted and another debt ceiling crisis looms), but it punts on any of the pressing challenges this country faces, a failure that only adds to the hole we are in.
Every assumption of the deal is wrong-headed.
1.  It assumes that deficits are still America’s fundamental problem.  Wrong.  Our fundamental problem is that Americans are struggling to find decent work.  We are halfway into a lost decade marked by mass unemployment, stagnant wages, rising inequality, growing insecurity and a sinking middle class.  As President Obama  stated in his address on inequality: “A relentlessly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit.”
This deal says that for two years, the federal government will do nothing to address that opportunity deficit.


http://www.alternet.org/5-things-terribly-wrong-ryan-murray-budget-deal?akid=11262.294211.x6-ozP&rd=1&src=newsletter935670&t=7

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