Should the US become a third-world banana-republic?
Is Haiti the model economy we should emulate? Reagonomics is deliberately destroying the middle class to transfer its wealth to the wealthy. 95% of the increase in wealth since the great recession hit bottom has gone to the wealthiest 1%. Check out this graphic on the top 6 things we could do to reverse the mushrooming wealth inequality curve before we become a banana republic. Before you jump to the conclusion that the wealthiest nation on Earth can’t afford what all the poorer developed nations can, make sure you look at the last two facts stated on the graphic link above.
If we want ever growing inequality, keep voting Republican. They are there for the billionaires and the good of the multinational mega-corporations. That’s who funds them, so they return the favor. That’s what this whole sordid debt ceiling fight is about, getting your medicare and social security benefits for the wealthy. Boehner intends to extend the shutdown till the debt ceiling fight in the middle of this month. He hopes to extract a grand bargain scaling back spending on our social safety net rather than restoring even a little of the revenue we lost when Ronald Reagan cut taxes for the wealthy by 50%. We’ve slashed investment in infrastructure. We no longer lead the world in investment in R&D. We have a student debt bubble now approaching $1.4 trillion. When it explodes, the little guys will have to yet again bail out the banksters Republicans want to further deregulate. We now lag other developed nations in education and are moving to defund it and privatize it so only the landed gentry will be able to afford good schools. How much does it take to read the tea leaves the Tea Party are high on?
The Tea Party claim to be the true patriots, but are they? Here are two quotes. Which one would the Tea Party endorse?
1—“Why should we subsidize intellectual curiosity?”
2—“There is nothing which can better deserve our patronage than the promotion of science and literature. Knowledge is in every country the surest basis of public happiness.”
Quote 1 came from Ronald Reagan in a 1980 campaign speech. Quote 2 From George Washington in an address to Congress January 8, 1790.
If we want to fix the USA’s growing wealth inequality, which is now back to the level it hit when the robber barons ruled just before the great depression, I say we must convince the GOP to change course, or take the government completely out of their hands. Hopefully, if we have to do so, an alternative party will arise. No matter what the party is, having a single ruling party that always wins always leads to corrupt government of the worst kind. What say you?