Senator Tom Harkin: No Deal Is Better Than This Very Bad Deal + US Goes Over Fiscal Cliff

Dandelion Salad

By Kay Steiger
Raw Story
Dec. 31, 2012

We need to get this to the Fiscal Cliff! What could go wrong?

Image by DonkeyHotey via Flickr

[…] “Well I just think that’s grossly unfair. Grossly unfair,” Harkin continued. He pointed out that those who make $250,000 or more a year are the top 2 percent of income earners in America. By moving the tax cuts to $400,000, Harkin said, it sends a message that earners who make that much are “middle class.”

“Have we forgotten that average income earners in America are making $25, $30, $40, $50, or $60,000 a year? That’s the real middle class in America,” Harkin pointed out. “And they’re the ones that are getting hammered right now. They’re getting hammered with housing costs, rental, heating bills, kids going to school. They have no retirement. Now we’re talking about raising the retirement age on people who work hard every day?” […]

via Harkin blasts fellow Democrats: ‘No deal is better’ than this ‘very bad deal’ | The Raw Story

***

US goes over fiscal cliff

RTAmerica·Dec 31, 2012

Lawmakers in the House and Senate could not come to an agreement on Monday, sending the United States off the so-called “fiscal cliff.” Congress had been tasked with finding a solution that would replace scheduled automatic spending cuts and tax hikes slated to begin with the start of 2013, but despite predictions from President Barack Obama and even congressmen in the Capitol no such deal could be reached. RT’s Kristine Frazao and The Big Picture’s Sam Sacks discuss what this means from America only moments after Congress decides to avoid a vote.

see

It Is Easier Than You Think by Ralph Nader

America’s Deceptive 2012 Fiscal Cliff by Michael Hudson

Chris Hedges and Richard Wolff: Capitalism=Cannibalism–The Human Cost is Staggering

Dennis Kucinich on Fiscal Cliff: Why Are We Sacrificing American Jobs for Corporate Profits?

Fiscal Cliff: Let’s Call Their Bluff by Ellen Brown

Kucinich: NO to #CatFoodChristmas + Bernie Sanders: If you change the CPI, you are raising taxes

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3 responses to “Senator Tom Harkin: No Deal Is Better Than This Very Bad Deal + US Goes Over Fiscal Cliff

  1. Pingback: The Delicious Irony of Morris Greenberg’s AIG Suit Against the US Treasury by Michael Hudson « Dandelion Salad

  2. Pingback: Michael Hudson: 2013 – the stage is set « Dandelion Salad

  3. Pingback: Latvia’s Economic Disaster as a Neoliberal Success Story: A Model for Europe and the US? by Jeffrey Sommers and Michael Hudson « Dandelion Salad

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