Just say it

It’s been interesting following the gang at CNBC in the weeks leading up to the election. The glowing spotlights on Palin and McCain. The endless rant about future tax increases on the rich. Their greatest fear is that somehow the Senate democrats are going to put together a super majority and derail the gravy train started 25 years ago. A recent article in The American Prospect reveals that while the share of income paid in taxes by the middle class has remained static since the 80s it has dropped precipitously for the very rich, from 70 percent to around 40 percent.

But, for the sake of argument, let’s not support any tax increases, for anyone at anytime, now or in the future. Nobody at CNBC or any of the guests they bring in come up with any concrete ideas about how we’re going to pay for government. They speak in generalities about reining in spending, getting rid of government waste. But how, let’s hear it, on CNBC air time and speaking directly to their audience. And real cuts, not these piddling earmarks. If Social Security is the problem then don’t talk about “reform”, say the government should reduce benefits, either by raising the retirement age, cutting distributions or both. If Medicare needs to be cut then look straight in the eyes of the AARP, their membership, the medical community, the countless lobbyists who support these groups and probably your advertisers and tell them they are going to have to have fewer benefits and make less money. The same for the poor families that rely on Medicaid to get medical care for their children. Just say it.

By avoiding the hard issues CNBC is just as complicit and weak as the government in prolonging the problem. More so, because what does CNBC have to lose, a few advertising dollars? Politicians at least have public opinion and ultimately their jobs to worry about. That’s a lousy excuse but an understandable one.

Posted by patrickj on 11/10 at 03:54 PM
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