Let\u2019s say you had an uncle (we\u2019ll call him \u201cSam\u201d) who was rich and powerful and had a way with the ladies but, as eventually happens to all uncles, eventually became a pathetic, embarrassing shadow of his former self\u2014the Charlie Sheen of uncles. Having fallen on hard times, not only doesn\u2019t he send money on your birthdays any more, he may even ask to borrow a few bucks, which you\u2019d be crazy to do since he\u2019s in hock up to his turtleneck to the Chinese mafia.<\/p>\n\n\n\n
It\u2019s all pretty sad stuff, because you remember your uncle at his peak, handsome and popular and taking in enormous sums of money<\/a>. Flush with success, he earmarked some of that wealth to send the neighborhood kids to school, pay for grandma\u2019s gall bladder surgery, feed poor folks, build a park and take the elderly on bus trips to the ballgame. What a mensch<\/em>!<\/p>\n\n\n\n But over the decades your Uncle Sam\u2019s revenue dried up like Gaylord Perry\u2019s spitball. Those same high rollers who used to pay 70 percent of their income to do business in the neighborhood now pay only 17 percent,<\/a> and some of those customers have grown so larGE, they pay nothing at all<\/a>. So your uncle has two choices: increase his revenue, or cut back on his spending. Like any American looking to make a better life for himself, the logical decision would be to take in more money, improve your circumstances, rise up \u2013 you know, the American Dream!<\/a><\/strong> But instead, he\u2019s being talked into tightening his patent leather belt, and the result isn\u2019t pretty.<\/p>\n\n\n\n How did your Uncle Sam go from stud-muffin to muffin top?<\/p>\n\n\n\n Oh, screw it. Let\u2019s ditch the metaphor and get down to brass tacks, as your uncle would say. America\u2019s economy is still in the toilet<\/em>, and we seem to have two choices: go after the deadbeats who have enjoyed decades of unparalleled prosperity\u2014what some call \u201csharing the pain,\u201d except by \u201cshare\u201d our politicians mean those who are already in \u201cpain\u201d<\/em>\u2014or cut spending. Except they don\u2019t really mean that either.<\/p>\n\n\n\n Just before this showy act of autoerotic belt-tightening around the neck of the American people, the fiscally responsible GOP forced a vote to SPEND nearly $850 billion in BORROWED dollars<\/a> to extend the Bush tax cuts, which had already added $2.6 trillion to the national debt.<\/a> Then, they hit the metaphorical ceiling over hitting the debt ceiling, whining that it would be irresponsible to raise the limit on federal borrowing\u2014something they voted to do seven times in eight years<\/a><\/em> under the Bush administration. In fairness, that was to pay for two unnecessary wars, to the tune of $1.3 trillion so far.<\/a><\/p>\n\n\n\n So, after spending nearly $5 trillion on their two shiniest toys\u2014war and tax cuts\u2014now<\/em> is the time to stop spending. It\u2019s like your uncle went out and bought a Ferrari and a fleet of hookers and then told your aunt to lay off the shopping sprees.<\/p>\n\n\n\n Here\u2019s why revenue is more important than spending, to both uncles and America: the U.S. economy has doubled in size since 1980<\/a>, but thanks to a tax-cut-happy Congress, tax revenues are the lowest in sixty years. And where did all that prosperity go? Not to the middle class, whose wages have remained stagnant since 1973,<\/a> which was also the last time we thought \u201cLaugh-In\u201d was funny. Virtually all the economic gains of the past thirty years have gone to the top 1 percent<\/a>, who are paying historically low tax rates<\/em>, and since they currently own 40 percent of America\u2019s wealth<\/a> they could probably afford to pay another 3 percent of their unprecedented prosperity without missing a yacht payment. Thanks to the GOP they won\u2019t have to, but grandma\u2019s gall bladder is her fucking problem.<\/em><\/p>\n\n\n\n Simply put, if you take in revenue<\/em>, you have money to spend<\/em>. Everybody knows that, even your loser uncle, which is why as long as the money\u2019s coming in, your aunt tolerates the hookers.<\/p>\n","protected":false},"excerpt":{"rendered":" Let\u2019s say you had an uncle (we\u2019ll call him \u201cSam\u201d) who was rich and powerful and had a way with the ladies but, as eventually happens to all uncles, eventually became a pathetic, embarrassing shadow of his former self\u2014the Charlie Sheen of uncles. Having fallen on hard times, not only doesn\u2019t he send money on […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-61","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/eatthepoor.com\/index.php?rest_route=\/wp\/v2\/posts\/61","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/eatthepoor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/eatthepoor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/eatthepoor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/eatthepoor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61"}],"version-history":[{"count":2,"href":"http:\/\/eatthepoor.com\/index.php?rest_route=\/wp\/v2\/posts\/61\/revisions"}],"predecessor-version":[{"id":64,"href":"http:\/\/eatthepoor.com\/index.php?rest_route=\/wp\/v2\/posts\/61\/revisions\/64"}],"wp:attachment":[{"href":"http:\/\/eatthepoor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/eatthepoor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/eatthepoor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![seven times in eight years<\/a><\/em> under the Bush administration. In fairness, that was to pay for two unnecessary wars,](\"http:\/\/en.wikipedia.org\/wiki\/File:US_Public_Debt_Ceiling_Trillions.png\"){kind=link}