[Peace-discuss] SOTU misstatements

[C. G. Estabrook]

[Doug Henwood (Left Business Observer) had some good running comments on Obama's 
  speech last night. Here's a sample.  --CGE]

     *

       Finally a few sensible words about the source of the deficit—tax cuts, 
war, deep recession. What took so long?

       But then he pivots, as the pundits like to say, toward deficit reduction. 
Ronnie’s spectre is quick to re-assert itself.

       I’ve done the math. Cut the military by a third—which would take it back 
to 2000 levels, relative to GDP — and sprinkle, not soak, the rich, and the 
deficit will go away. But we can’t say that, much less do it.

     *

       A $10,000 tax credit for tuition? No more than 10% of one’s income on 
servicing education debt?

       You could eliminate all student debt in the U.S. by expropriating the 
wealth of the 5 richest people in New York City (starting with our mayor). Just 
saying.

       Tax credits to encourage saving? People can’t save because they don’t 
have the money.

       Promoting higher house prices? Didn’t we just get hurt by a housing 
bubble? Why is a good thing when one of life’s essentials, shelter, rises in 
price? We should be promoting housing affordability, not another bubble.

       Oh and now he’s going on about health care. By defending a proposal about 
which an industry lobbyist said, “We win!” Please.

	...

The rest at <http://ipaccuracy.wordpress.com/author/dhenwood/>.

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