Tea Party tax reform: What the loss of our middle class means

A society without a strong middle class is a society on the path to perdition. Photo: Eric Cantor

YAKIMA, Wash., April 7, 2013 – Please note the fate that befell The Roman Empire was attributed to internal decay and its size.  The Roman Empire was spread out all over the known world, as is the U.S. of today.  Internal decay of the Empire was the result of political incompetence, military decline, and a degradation of social mores.  Does all this sound familiar?  It should.

Political incompetence at the federal level of our government is reigning supreme. Congressional representatives are too busy playing the blame game.  The most recent jobs report came out this week showing only 88,000 new jobs were created when everyone was expecting a number as high as 200,000. What happened?  The blame game commenced immediately.

According to the Republican House Speaker John Boehner, “To help grow our economy and expand opportunity for all Americans, Republicans passed a balanced budget that addresses our spending problem, unleashes North American energy like Keystone, and fixes our broken tax code, and voted to replace the president’s sequester with smarter cuts and reforms.”

He also specifically blamed President Obama for the sequester, saying the poor job showing was a result of all the cutbacks scheduled to take place.  By year’s end the Congressional Budget Office estimates 750,000 jobs will be lost.

House Majority Leader Eric Cantor, R-Va., has called for “common sense solutions for the common good.”  The question is what constitutes “common sense solutions.” 

Eric Cantor is one of the Republican “young guns” known for their extreme conservative points of views and their Tea Party conviction of no compromising.  Even John Boehner can’t control these guys. 

The Tea Party’s (a.k.a. Americans For Tax Reform) position of no compromise on marginal new taxes at any cost has reduced our political system to almost total incompetence when dealing with today’s pressing issues.  One has to think Grover Norquist, creator of the “No New Tax Pledge,” is a happy camper. 

Today’s reality is the Republican strategies and the Tea Party’s No New Tax Pledge has caused a frightful shift in our society.  Simply put, the U.S. middle class is being wiped out.  About 90% of the wealth in America is controlled by the upper 2% of our population.  This type of wealth distribution cannot stand the test of time. 

While the wealthiest Americans’ incomes have soared, middle class incomes have flatlined since the 1980s, causing most Americans to save less and spend beyond their means.  Lending policies in the decades that followed were relaxed. This resulted in a mortgage debacle and huge increases in the number of people filing for bankruptcy protection.  These policies, among many others of lesser scale, were Republican creations, which have weakened our middle class while skewing the money distribution unreasonably to the riches 2% at the top.

A society without a strong middle class is a society on the path to perdition.

The solution to fixing our problems is not found solely in any one political philosophy or platform.  The solution is found at the table, around which are different strategies and ideas with the one common denominator—compromise. 

Our political representatives need to master the history which defines our global world.  As George Santayana so eloquently stated, “”Those who cannot remember the past are condemned to repeat it” 


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Larry A Momo

Larry Momo has been labeled by his family as a curmudgeon, nit picky and a complainer.  After four years in the Air Force working for the National Security Agency, Mr. Momo returned to the city of Los Angeles and attended Cerritos College and the University of Southern California.  He studied political science and accounting before taking the helm of the family business. 

Some years later, he sold the family business and moved his family to Yakima, Washington where he developed a business in micro-computers.  After sixteen years of programming, Mr. Momo accepted a CEO position of a small company near Portland, Oregon, from which he retired in 2004. 

Never one to sit around, he now works as a school bus driver in addition to his social security.  Writing and contributing to the political dialogue of our country, plus being a curmudgeon, is his developing art form.  Please read and enjoy A Curmudgeon’s View and feel free not to agree with everything written by him.  After all, he is a curmudgeon.

 

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