GOP Super Committee Co-Chair: The Congressional Budget Office, the Medicare trustees, and the Government Accountability Office have each repeatedly said that our health-care entitlements are unsustainable. Committee Democrats offered modest adjustments to these programs, but they were far from sufficient to meet the challenge. And even their modest changes were made contingent upon a minimum of $1 trillion in higher taxes—a move sure to stifle job creation during the worst economy in recent memory.
Let's put aside for a moment that yet again the Republican party says very clearly they're out to destroy Medicare. The fact of the matter is the Republican drive to cut taxes for the rich and the transnational corporation has created jobs... in China... and in India. But here at home it's been a national disaster. The more we cut their taxes, the less incentive they have to invest in the American worker and production capacity here at home and massive outsourcing has been the result. That's not a matter of opinion, that's the historical record.
Back when taxes were much higher, rather than extracting operating profit and paying it to the government in the form of taxes, management made the rational decision to invest that money back into the company. This increased the value of the company, created American jobs, grew the middle class, and gave the market buying power. It also grew the economy and expanded the tax base so we were able to afford things like Medicare. Republicanism has destroyed all that. To save the country it must be reversed.
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