Saturday, March 11, 2006

Robber Barons and Trust Busters

Please come back TR. We need someone just like you in todays America.

Lonna sent me this:
Frist Plans Secret Vote to Raise Debt Limit
Submitted by Srinu Sonti on March 6, 2006 - 4:43pm.


It seems Majority Leader Bill Frist is up to his old tricks again. Late last week Frist planned a secret vote to raise the nation’s debt limit and place America in further financial peril.
Currently, the nation’s debt limit is $8.18 trillion. Treasury Secretary Snow has urged Congress to increase it to $9 trillion. Frist and Co., would rather you NOT know that he wants to increase the nation’s debt, so he has planned to wait until Senators jet off for yet another recess, and at the last minute call a voice vote, thereby making taking this important debate off the record. (CQ Today, 3/2/06)
Workers Already Losing Benefits…..
In order to avoid hitting the limit, Treasury Secretary John Snow has already stopped investments in one of federal workers' 401(k) options, called the G Fund. (Belleville News-Democrat, 2/26/06) In fact, today Snow warned Congress that he has taken “all prudent and legal actions” to avoid triggering the $8.184 trillion statutory debt limit and again strongly urged passage of an increase “immediately.” The letter went on detail that Snow had tapped civil service retirement AND disability funds to temporarily stave off the debt limit. (CQ Today, 3/6/06)
So while this seems like an issue that only folks in Washington care about, it should not be. Because it was GOP Senators who pushed for $40 billion in cuts to federal programs, including Medicare, education and agriculture support programs to name a few. The measure was amusingly called the “Deficit Reduction Act.” (S 1932, Senate Vote 363, 12/21/05) So if they cut the deficit, then why is the country running out of money?
There’s the matter of that little tax cut…..
The GOP now wants to pass $70 billion in tax breaks, predominantly for the wealthy, in the form of capital gains and dividend tax cuts. (HR 4297, Senate Vote 10, 2/2/06)
So now, given the GOP is working to make their friends richer, and is willing to borrow more to do it, one has to ask, where’s the money going to come from? The Charleston Gazette has the answer, “Americans need to know that the current one-party rule in Washington lives on credit cards -- and today's children will be stuck with the tab.”


I watched some of the debate on the debit limit on C-SPAN the other night. This has been done 3 or 4 times during the Bush reign. Amounting to trillions of dollars. I know many just cringe when I say these people are robbing you blind and you don't care....Typical fanatical pol speak. No REALLY!!!! These guys are robbing you blind!!!!!

As President, Roosevelt held the ideal that the Government should be the great arbiter of the conflicting economic forces in the Nation, especially between capital and labor, guaranteeing justice to each and dispensing favors to none.
Roosevelt emerged spectacularly as a "trust buster" by forcing the dissolution of a great railroad combination in the Northwest. Other antitrust suits under the Sherman Act followed.
Roosevelt steered the United States more actively into world politics. He liked to quote a favorite proverb, "Speak softly and carry a big stick. . . .

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