Eve of Destruction
If you’ve spent any time looking back to see what caused the last great depression of the 1930s, you will see that it was the drop in taxes, especially on the wealthy, that triggered the depression. A lack of financial oversight and foolishly low taxes.
We put regulations in place and raised the tax on the wealthy to 90% and we were good for almost a century.
Now, we’ve blown up the regulations and the Republicans have lowered taxes on the rich and guess what.
The lousy part is that even the Democrats in Congress are sniffing glue. It’s not just for Republicans any more. Harry Reid says we need to cut more programs to balance the budget.
It didn’t work back then and it was thinking like this that caused the depression. We need to put a stop to this today. Tomorrow will be too late.
Call your congressmen and the White House (202.456.1111) and tell them you don’t want anything but a clean bill to increase the dept limit. After that, we can take a moment to read our history books and see what caused the depression and what stopped it.
No more slashing government spending until we’re out of this hole.
Call them now. Call them tomorrow and call them every day until they start putting our tax dollars into stimulus programs rather than in the pockets of the rich.