Filthy Rich Mitch Wants His Tax Cuts Extended
So he can use them like a rubber hose to beat Democrats over the head with in 2012…
and then make them permanent…
because he and his friends are all filthy fucking rich.
The average estimated wealth of a U.S. Senator in 2009 was $12.6 Million. That was the average. Most have a lot less than that, but a handful have a lot more. Mitch McConnell is one of them.
Extending the Bush Tax Cuts is a huge financial boon for many in the Senate. Coupled with a very low capital gains tax and non-existent inheritance tax, the wealthy elites like Filthy Rich Mitch are set to make a killing in their bid to rob working Americans of every spare penny they can get.
McConnell’s net worth in 2009 during the worst economic downturns in nearly a century was anywhere from $7,102,036 to $32,756,000. Why the wide variation? Because the self-written disclosure rules for Congress make it easy to fudge the numbers. Averaging those numbers gives Filthy Rich Mitch an apparent net worth of $19.9 million. That’s pretty impressive considering only five years earlier his wealth was at a “paltry” $3.1 million.
I don’t care how he got his money. Marrying into a shipping company fortune seems like pretty good work if you can get it. My concern is that this man and his filthy rich cohorts like John Boehner ($3.6 million) and Eric Cantor ($4.9 million) stand to make millions off the backs of hard-working Americans by gutting Social Security and Medicare.
America, however, cannot afford to make those cuts permanent. We’re talking about almost $4 trillion in lost revenue just over the next decade; over the next 75 years, the revenue loss would be more than three times the entire projected Social Security shortfall. So giving in to Republican demands would mean risking a major fiscal crisis — a crisis that could be resolved only by making savage cuts in federal spending.
And we’re not talking about government programs nobody cares about: the only way to cut spending enough to pay for the Bush tax cuts in the long run would be to dismantle large parts of Social Security and Medicare.
That’s the reality in all this. In order to pay for these tax cuts for them and their friends, our filthy rich politicians are going to eviscerate our already failing social safety net. And they’ll do it with a smile on their face, telling us we all have to tighten our belts.
Belt tightening, in case you didn’t know, is what starving people do when their clothes don’t fit anymore. There’s been plenty of that happening already, and lots more to come it seems.
Austerity in pursuit of Plutocracy is the new black.