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Class Warfare

NBA Lockout Battle Mirrors Deficit Debate in Washington

Sparknotes: both seek “sensible compromises.”

First, we must realize that Obama has two agendas; one is to cut the deficit and the other is to get re-elected. However, to do both at the same time is proving extremely difficult. He’s trying to appeal to the multitude of voters while also making compromises with congress, and with his approval rating now at 43% we can all see how that’s going.

Second, I must address class warfare because this term is getting tossed around and used like the village bike. If we define class warfare to be a discrepancy in the law that creates an unfairness between different socioeconomic classes, then it can be used both ways. Example, Warren Buffet claims his secretary pays a higher tax rate than he does due to capital gains being taxed a lesser %. The way the law is written now is also class warfare. It goes both ways.

I have to fully agree with Mr. President, the Buffet Rule just makes sense:

“I reject the idea that asking a hedge fund manager to pay the same tax rate as a plumber or a teacher is class warfare,” Obama said. “I think it’s just the right thing to do.”

Third, I find it very interesting that we (congressmen, reporters, everyone) focus on this minute detail that will barely affect 1% of americans. The deficit is much more involved and requires more attention in other areas such as military, USPS, and Medicare. We have to remember that we’re only talking about $3 trillion of the $14.3. Of the $3 trillion, $1.1 trillion or 36% will come from pulling troops from the Middle East. That really puts into perspective how much the US spends out there.

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