Can we bring about the end of austerity?

It looks like President Obama took a cue from Greece. This week, the White House unveiled their 2016 budget, which would put an end to austerity and make corporate tax dodgers pay for stashing billions overseas.

Although this budget will be dead on arrival thanks to Republicans, it illustrates how much we could accomplish if we reverse the massive cuts that took place because of sequestration. President Obama's $4 trillion dollar budget includes spending levels that are 7 percent higher than current caps, and sizable investments in our military, research, and infrastructure. And, this return to per-sequestration spending levels would be completely paid for by taxing the billions of dollars that corporations have stashed in overseas banks.

A senior official from the White House explained that this plan would “put the good of middle-class families and our economy front and center, while also continuing progress on restoring fiscal discipline.” They added, “You don't have to choose between those two things. You can, in fact, accomplish both.”

Although many would argue that we shouldn't be worried about such things, this budget would keep the deficit under three percent of our GDP, and our national debt would continue to decline.

Republicans in Congress claim that we can't afford to make these investments in our great nation, but we, and we must. They understand these facts, but they'll do anything to prevent a tax increase on their corporate buddies – even if that means our nation continues to suffer under sequestration.

Just like the people of Greece, Americans know that it's time to put an end to austerity, and they have no problem with making corporate tax dodgers pay their fair share. It's time for Republican lawmakers to stop protecting the billionaires, pass this budget, and do what's best for the American people.


chuckle8's picture
chuckle8 7 years 43 weeks ago

Rich of Jeff -- It was definitely political strategem. Obama is saying get off your asses and vote democratic. If you do, you put into effect all of the investments outlined in the $4 T budget. The thing I was saying that is was not cynical.

RichardofJeffersonCity's picture
RichardofJeffer... 7 years 43 weeks ago

chuckles8, I'm going to give this one last shot because I can't help myself. Can't you see, if Obama was serious about his budget (forgiving the unjustifiable military increase), he would've offered it up prior to the end of his "lame duck" administration? If Obama would have been an ounce of the liberal he was accused of being, the democratic party would still be holding both Houses with additional seats. Obama's administration has produced justifiable cynicism from voters - this is reflected in Democratic voter turnout, and the Republican dominance in Congress and recent majority in Senate.

chuckle8's picture
chuckle8 7 years 43 weeks ago

Rich of Jeff -- You seem to be mixing up the progressiveness in Obama with his political calculations.

Incidentally, I agree with you political calculus, but I am not so bold as to be certain it would have worked. With all the voter suppression, voter machine rigging and billionaire dollars going against the dems, I am not certain that anything would have made a difference.

Thom's Blog Is On the Move

Hello All

Today, we are closing Thom's blog in this space and moving to a new home.

Please follow us across to - this will be the only place going forward to read Thom's blog posts and articles.

From Cracking the Code:
"Thom Hartmann ought to be bronzed. His new book sets off from the same high plane as the last and offers explicit tools and how-to advice that will allow you to see, hear, and feel propaganda when it's directed at you and use the same techniques to refute it. His book would make a deaf-mute a better communicator. I want him on my reading table every day, and if you try one of his books, so will you."
Peter Coyote, actor and author of Sleeping Where I Fall
From Screwed:
"Hartmann speaks with the straight talking clarity and brilliance of a modern day Tom Paine as he exposes the intentional and systematic destruction of America’s middle class by an alliance of political con artists and outlines a program to restore it. This is Hartmann at his best. Essential reading for those interested in restoring the institution that made America the envy of the world."
David C. Korten, author of The Great Turning and When Corporations Rule the World
From The Thom Hartmann Reader:
"Thom Hartmann is a creative thinker and committed small-d democrat. He has dealt with a wide range of topics throughout his life, and this book provides an excellent cross section. The Thom Hartmann Reader will make people both angry and motivated to act."
Dean Baker, economist and author of Plunder and Blunder, False Profits, and Taking Economics Seriously