Friday, December 28, 2012
Kucinich: sacrificing jobs for corporate profits
As President Obama meets with congressional leaders at the White House in a last-ditch effort to reach a budget deal, we speak to outgoing Democratic Rep. Dennis Kucinich about the so-called fiscal cliff. If an agreement is not reached in time, $600 billion in automatic spending cuts and tax increases will go into effect on January 1. But the tax increases would not necessarily be permanent — the new Congress could pass legislation to cancel them retroactively after it begins its work next year. "We’ve been going in the wrong direction," Kucinich says. "Why haven’t we been talking about stimulating the economy through the creation of jobs? We’ve seemed to accept a certain amount of unemployment as being necessary for the proper functioning of the economy, so that for corporations it will keep wages low. That is baloney. We’re creating our own economic vice here that is entrapping tens of millions of Americans."
Posted by The Progressive Rambler at 5:46 PM