Howard Dean: Let's Drive Over the Fiscal Cliff.
Here is what we have to do. The fiscal cliff everybody complains about - and there will be some pain associated with it, is a 1.3% recessionary economy for two quarters. What you can't do is fix the deficit by cutting taxes for millionaires and then taking money away from people on social security and Medicare. That's what the Republicans want to do.
The reason I like the idea of going over the fiscal cliff is this is an incredibly partisan Congress, which has accomplished essentially nothing in the last two years since the republicans have taken over. And they're not going to come up with a better solution and here is what is good about the fiscal cliff. First of all, we go back to the tax rate when Clinton was president. We had a much better economy. We had a—the last balanced budget we had was under Clinton. Republicans do not balance budgets. I have no idea. I think Eisenhower was the last budget that was balanced under a Republican. You can't trust them with your money.
So what you need to do is increase the taxes to where they were when Bill Clinton was President of the United States and you need to cut defense. It has never been cut because every defense although the defense establishment has plants in 420 out of the 435 Congressional districts. That won't be done unless we drive over the fiscal cliff. I as a Democrat am willing to sacrifice the cuts that we're going to have to make in the programs we care about in order to get those two things done, otherwise, they will not be done. And it is so craven of the Congress to be scrambling around trying to figure out how to get out the agreement that they made because they're feathering in their own nest. I'm tired of having politicians that won't do the tough stuff. Yes, it's going to be unpleasant. We spent a lot of money that we didn't have. Now we're going to have to pay the bill. If we don't pay it now we really are going to end up like Greece. I don't want that to happen and I do not trust the Republicans because they're terribly fiscally irresponsible and frankly, I don't trust the Democrats a lot either, even though they have a much better record on fiscal matters because it was Clinton and Gore that balanced the last budget.
So I think we ought to go over the cliff. We ought to bite the bullet. It will take 7 ½ trillion dollars out of our deficit. That's a big number and there will be sacrifices, but any politician who tells the American people there aren't going to be any sacrifices for everybody is a liar and I do not want the sacrifices to be on the backs of the middle class. I think it's time the people who made all that money screwing up the banking system paid their fair share.
Directed / Produced by Jonathan Fowler and Elizabeth Rodd
Howard Dean: Any politician who tells the American people there aren't going to be any sacrifices for everybody is a liar and I do not want the sacrifices to be on the backs of the middle class.
These five main food groups are important for your brain's health and likely to boost the production of feel-good chemicals.
We all know eating “healthy” food is good for our physical health and can decrease our risk of developing diabetes, cancer, obesity and heart disease. What is not as well known is that eating healthy food is also good for our mental health and can decrease our risk of depression and anxiety.
Infographics show the classes and anxieties in the supposedly classless U.S. economy.
For those of us who follow politics, we’re used to commentators referring to the President’s low approval rating as a surprise given the U.S.'s “booming” economy. This seeming disconnect, however, should really prompt us to reconsider the measurements by which we assess the health of an economy. With a robust U.S. stock market and GDP and low unemployment figures, it’s easy to see why some think all is well. But looking at real U.S. wages, which have remained stagnant—and have, thus, in effect gone down given rising costs from inflation—a very different picture emerges. For the 1%, the economy is booming. For the rest of us, it’s hard to even know where we stand. A recent study by Porch (a home-improvement company) of blue-collar vs. white-collar workers shows how traditional categories are becoming less distinct—the study references "new-collar" workers, who require technical certifications but not college degrees. And a set of recent infographics from CreditLoan capturing the thoughts of America’s middle class as defined by the Pew Research Center shows how confused we are.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.