Day: February 6, 2013

With the sequester right around the corner, it’s important to point out that it will be Democrats fighting to reduce those automatic cuts to programs that ALL Americans rely on — and who will be trying to reduce some of those cuts with new revenue sources (something Republicans are REFUSING to consider, they say, and something they might be willing to shut down the government over). On the other hand, Republicans will be fighting to slash funding for all those programs so that the military-industrial complex can grow fatter, so that the one-percent can continue opening new off-shore accounts, and so that CEO bonuses can continue to increase exponentially.

Markos reminds the GOP base-rubes that if they’re not related to the Koch Brothers, then it’s actually the Democrats in Congress who will be fighting for their personal interests whether they want to believe it or not:

“… the Right has suddenly…

Economic growth for the Q4 GDP was down -0.1%. Why? Because government spending dropped. Steve Benen explains:

So why did we see slight contraction in the GDP? In large part because spending cuts — federal, state, and local — shaved more than a full percentage point off GDP growth. I realize the right doesn’t want to hear or believe this, but when Washington spends far less — in this case, the cuts focused on defense — it takes capital out of the economy and undermines growth. It is, as a practical matter, a form of austerity, which helps hit the brakes on the economy. This is Economics 101 and yet Republicans continue to insist that it is the only policy they really care about. It’s something to keep in mind as the Beltway’s preoccupation with debt reduction, not the recovery, continues unabated. It’s also a reminder that the automatic sequestration cuts may…