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OpEdNews Op Eds    H3'ed 9/22/11

Obama-Style Deficit Reduction

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Obama "issued an unabashed call for economic fairness in cutting the federal deficit, asking as much from those on the economy's upper rungs as from those lower down whose programs may be slashed."

Fact check

Programs for working Americans will be slashed en route to gutting them entirely in out years. "Economic fairness" won't happen because Republicans and many Democrats won't tolerate it. Neither will Obama.

Taxes for the rich won't be raised because he opposes it. His plan, in fact, backs comprehensive "pro growth" tax reform.

It involves cutting top individual and corporate rates in exchange for eliminating loopholes clever accountants can devise ways to keep.

Yet Times editors call his austerity plan "a well-proportioned mix."

In fact, it benefits corporate favorites and America's aristocracy at the expense of working households.

A previous article called it a combination left hook, right cross haymaker, decking workers when they need help.

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