The Spark

the Voice of
The Communist League of Revolutionary Workers–Internationalist

“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx

Don’t Fall for the Fiscal Bluff

Nov 12, 2012

The election’s barely over, and here comes the “fiscal cliff”–this trap that both parties cobbled together in August 2011. Supposedly, if Congress can’t put together a plan to reduce the deficit, horrible spending cuts and tax increases will automatically take place.

Supposedly, this will send the economy spinning into a really terrible recession.

Supposedly, supposedly, supposedly....

Fiscal cliff? No, call it what it is–it’s a fiscal bluff. They are trying to bluff us–bombarding us with tons of propaganda. They aim to convince us to accept what is totally unacceptable.

This bluff is nothing but an extortion plot, a “your-money-or-your-life” kind of plot.

Guess who’s pushing the extortion? The biggest Wall Street firms, the biggest banks, the financial players that created the collapse of 2008. They are the ones that recently put up a new website called “Fix the”

There is nothing innocent about it. This site lists all the things they want to cut: Social Security, Medicare, Medicaid, unemployment benefits, etc.

The big financial interests behind this site want monstrous cuts, more monstrous than the mortgage crisis. They want to cut more from all those social programs that serve the population–social services, public services and education.

They are telling us that if the two parties don’t agree to cut us, then worse cuts will automatically happen.

The Democrats and Republicans pretend to be feuding over taxes on the wealthy. The Democrats say, “Tax the wealthy,” the Republicans say, “No!”

We can be sure, when it’s all over, there will be an increase on taxes on the wealthy–a slight increase, a very, very slight increase.

Lloyd Blankfein, CEO of Goldman Sachs recently put it in perspective. Magnanimously, he declared he would be willing to pay 5% more in taxes if Congress would reach a deal on all the cuts.

You bet he would–this obscenely wealthy banker who was paid 16 million dollars last year by Goldman Sachs.

Other bankers have already agreed to pay a little bit more in taxes–in exchange for much more money they will get from the government, money squeezed out of the social programs, public services and education in the deal they are about to cut. What a good deal for them. And what a swindle for us.

The Democrats may tax a little–in order to cover up the big attacks on the population. The Democrats were the ones who just finished campaigning, promising to protect the “middle class.”

Did you vote for the Democrats, hoping against hope that they might protect you? Well, watch out now, watch what they are going to do. Pay special attention, because they are about to use your own votes against you!