- Jul 20, 2011
- Reaction score
- Don't harsh my zen, Jen!
How Will We Pay for Obama's New Jobs Push? Answer: Tax Wall Street | The Nation
President Obama is right: the United States needs a jobs program that spends federal tax dollars to retain jobs, to create jobs and to put tens of millions of Americans back to work.
Unfortunately, President Obama does not have a Congress that will work with him to implement a jobs agenda.
Rather, he has a Congress that says the United States is broke.
Thats a lie. The United States is a wealthy country with immense resources. It can fund wars of whim, back bailouts and tax breaks for billionaires.
So there is money. The problem is that the money is misallocated.
But thats not the worst of it.
The most frustrating reality of the current moment is that the federal government places too much of the tax burden on working families, small farmers and small business ownersall of whom contribute mightily to society while struggling to make ends meetand too little on the Wall Street speculators whose greed and irresponsibility has done so much to destabilize the economy.