Well, the Senate all pulled together and sold themselves to the highest bidder. We The People were not, unfortunately the highest bidders, but we are the biggest losers. The Senate, in their effort to be good little lapdogs, refused to listen to the well-educated and very experienced economists who shared a consensus about how the national debt would be negatively affected. They not only refused to listen, but some smugly claimed to disbelieve. Our friend Keith has written a post that says it all as well as I could, so I am sharing his post today, rather than re-invent the wheel. Please take a few moments to read and ponder, and I shall have an additional post a bit later. Thanks, Keith!!!
Early this morning the Senate passed their Tax Bill, complete with hand written amendments and no public hearings. Senator McConnell declared it a victory for the American people. But, which people? From my reading the people doing a touchdown dance already have an awful lot of money. 52% of Americans disapprove of this bill, but only the opinion of the privileged few matters.
On NPR yesterday, I heard Congressman Kevin Brady, the Chair of the House Ways and Means Committee, smugly say we do not believe the projections of Congress nonpartisan Joint Committee on Taxation who measured the Senate bill as increasing the debt by $1 trillion and saying this bill is not as kind as portrayed to people in poverty and middle class. But, Congressman, why do the nonpartisan Committee for a Responsible Federal Budget, Fix the Debt and The Concord Coalition say pretty much the same thing?
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