Mitch McConnell’s announcement that he would support a ban on earmarks was so fraught with contradictions that it would have been better had he said nothing at all. The GOP Senate leader’s support for a non-binding, two-year moratorium would have turned enough heads without the curious justification that preceded his assent.
Posturing aside, legislators from both parties claim to know that our deficit is a bad thing. They know it now, they knew it last year, and they should have known it 25 years ago, because we were already being warned that it was a problem:
The American economy faces unprecedented risks in the years ahead unless the federal government takes measures to narrow the gap between tax revenues and spending.
The partisan battle over taxing success threatens to distract from needed recovery efforts, just as the president’s obsession with replacing our health care system prevented legislators from focusing on job creation. We have hit a record 62-year high for long-term unemployment , and need to get the campaign against the wealthy behind us so we can move forward in January and fix the economy.
If we’re serious about helping our economy this month, we need to stop the tax hikes and we need to cut spending. Let’s cut spending back to 2008 levels – back before the bailouts, and the ‘stimulus,’ and all the nonsense.
The president and his party made a profound, even tragic miscalculation when they placed health care reform in front of job creation on their list of priorities. Self-indulgence proved ineffective in fighting double-digit unemployment. The nation will suffer the consequences of delay for years to come.