Budget cuts forsake the middle class

Mar 9, 2013 | Posted by: roboblogger | Full story: The Virginian-Pilot

We're of different genders and generations, but we share at least one point of pride and one source of pain: We both volunteered to serve our country in the military, and we're both struggling to provide health care for our families.

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1 - 2 of 2 Comments Last updated Mar 10, 2013
Dennis Gilbert

Norfolk, VA

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#1
Mar 10, 2013
 
This is a re-write of history - and mostly made up!

Everyone acknowledges that it was the sub-prime mortgage lending and he government's FORCING banks to take crappy loans that brought the financial crisis.

Your statement "Another source of federal shortfalls - the Great Recession, which obliterated millions of tax-producing jobs and increased the need for public assistance - was a product of big-money influence, as well. In the name of ever-higher profits, banks and their wealthy investors succeeded in dismantling regulations that had barred reckless gambling and safeguarded our economy against financial panic for 70 years. Once those safeguards were gone, the economy inevitably crashed." is mostly wrng!.

See this timeline and GET THE TRUTH!

http://www.youtube.com/watch...

Dennis Gilber
QUITTNER

Toronto, Canada

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#2
Mar 10, 2013
 
1:16 pm, Sunday, March 10, 2013:
RE: Budget cuts forsake the middle class
..... Budget cuts are OK only in bad economic times to ensure there will be more money left in "the hands" of families who would then spend that money. But as recent unemployment numbers show, the recession is over, and things are improving. That is the time for governments to spend less, and to increase taxes - in theory to get (massive?) surpluses that would then be applied to reduce the debts, not for governments to spend more!

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