Thursday, October 17, 2013

Rich folks talking about austerity for others isn't a very good strategy to accomplish what could still be a legitimate need

A bunch of rich folks telling the public that we have to cut back on so called "entitlements" does not go over well. Thus the strategy of "Republican style" austerity crashes and burns. Beyond the dust of the politics, mathematics is still hard to deny, however. There always needs to be adjustments and flexibility in spending as it relates to how much revenue is coming in. These adjustments would be easier to swallow if people had the general feeling that we are all in the same boat, or at least all in similar boats. Having such wide gaps of income classes in society makes a mockery out of the concept of everyone pulling together and doing what needs to be done so it all pencils out and works. As Obama often says, the rich have to be part of the solution also.

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