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- iHaveNet.com: Economy
by Jesse Jackson
Don't fall for the con. The fix is in. Working Americans are about to get fleeced -- unless someone stands up for them.
Yet the
Waiting in the wings is the "supercommittee" created in the debt ceiling deal. This rump group of 12 legislators is charged with finding $1.5 trillion in deficit reduction from some combination of cutting
Panic. Railroad. You can see how this will turn out.
Republican leaders have already announced that they won't appoint any member to the supercommittee who supports raising taxes on the rich or the corporations. They will push for deep cuts in
Anyone who has watched the negotiations over the past months can predict the deal. The president already reportedly accepted raising the eligibility age for
Bipartisan balance. Cuts in
The vast majority of Americans oppose this deal. Most Americans want
That's why panic, the railroad, the folly and the "bipartisan balance" are vital. It's their only hope for selling this calamity.
Don't fall for it. The reality is that
We should be investing in schools, not forcing more and more cuts at a time when a majority of children in the U.S. don't read or do math at grade level after the fourth grade.
We should create green corps and urban corps to put young people to work, not sit by as their hopes are crushed and they turn to drugs, despair and crime.
And in a time of extreme inequality when the wealthiest 1 percent is capturing a record percentage of the rewards of growth, we should be raising taxes on the rich and using that money to get the economy going here at home.
The fix is in. The only way to derail this deal is for the people to speak loudly -- and let Washington know we aren't falling for the con.
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Who Stands for Americans?