Political Quotes

“You think cutting Social Security, Medicare, and Medicaid should be part of a budget deal? America's economic collapse was fed by Wall Street greed in the form of a $6 trillion housing bubble. This brought large budget deficits. Some who were at the center of the housing crash are pushing for deep cuts to social programs in order to cure the budget deficit. The CEO of Goldman Sachs, which received a $10 billion direct bailout and tens of billions of loans at below-market interest rates, has preached about cutting Social Security benefits and increasing the retirement age. While Wall Street was bailed out with tax dollars from Main Street, Main Street Americans have lost more than 40 percent of their wealth from 2007 to 2010. Nearly one in six U.S. residents is officially poor--the highest rate in 50 years. Twenty-two percent of American children live in poverty. We are facing an economic situation that resembles the years leading up to the Great Depression. Now this prevailing budget plan calls for deep cuts in spending on education, environmental protection, Social Security, Medicare, and Medicaid while corporations and the top 1 percent would get tax cuts of nearly $3 trillion over the next decade. This is not how to protect a democracy. ____________________”