Thursday, December 9, 2010

$130 billion tax breaks for the wealthiest 2.5 million - $56 billion for unemployment extension but nothing for 99ers and Social Security

[mEDITate-OR:
think that they are telling U.S. what WE need to know, or want to hear.

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But when it comes to 24 million underemployed, 4.5 million 99ers and 54 million retirees, there is only $56 billion available.  
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Republicans are willing to offer $130 billion in tax cuts for the wealthy, but they weren’t willing to spend $13 billion to help millions of Social Security recipients
that 54 million Social Security recipients, many on fixed incomes, are not worth 1/10 the cost of helping 2.5 million American households that earn more than $250,000 a year.
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So let’s put this in perspective. There are 15 million unemployed, and 9 million underemployed who want full time work. Obama and the Republicans are willing to spend $56 billion to help only 30% of the unemployed (7 million who will receive benefit extensions over the next 13 months/24 million underemployed). Yet at the same time, Obama and the Republicans are willing to spend $130 billion on tax breaks for 2.5 million of the wealthiest American households.
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What happened to the lifeline for the 4.5 million 99ers and 5 million other unemployed who can’t collect benefits? They have lost their lifeline, but are being completely ignored in this $900 billion package of benefits.
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