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Congress Chooses Austerity Over Job Creation and Economic Growth

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The nurses have an idea for how to do better. The union wants a Robin Hood Tax on high-stakes Wall Street trading -- particularly speculation in stocks, bonds, derivatives and currencies. This tax is outlined in legislation developed by Congressman Keith Ellison, D-Minnesota, who proposes "a small tax on Wall Street transactions to meet the needs of our nation."

Ellison voted against the budget deal Thursday, saying: "The budget deal passed today is a compromise--it compromises the financial security of federal employees, the long-term unemployed and working families". This is a case where "compromise' in Washington means asking Americans to sacrifice more."

The nurses agree.

"The sham of the present debate in Washington, DC, is that real fiscal solutions to slow growth and high unemployment, hunger, disease and poverty exist, but have been taken off the table by lobbyists for Wall Street," says Ross. "It's time Congress proves to the American people that Wall Street doesn't run our government."  

Read Next: John Nichols lays out what makes this a "cruel, irresponsible" budget deal.

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John Nichols, a pioneering political blogger, has written the Online Beat since 1999. His posts have been circulated internationally, quoted in numerous books and mentioned in debates on the floor of Congress.

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