Monday, February 14, 2011

Obama's budget would cut heat subsidies for poor

AT THE SAME TIME PRESERVE TAX SUBSIDIES TO THE LARGEST MULTINATIONAL OIL AND OTHER CARBON ENERGY COMPANIES.

Republicans are proposing cuts to food programs for infants, trade assistance, job training, community health centers, and a host of other programs providing work and security to Americans across the country — oil companies have so far emerged unscathed. Even with oil prices clearing $100 per barrel, billion of dollars are uncritically turned over to oil companies.

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.