TRANSPARENCYandACCOUNTABILITY.ORG, “IT's OUR TURN”

25
Feb

We have been watching with great interest the activities going on in Madison, Wisconsin and other cities in the Midwest.

The swell of support for the working people is echoed with our resounding “we’re mad as Hell and we’re not going to take this anymore”. This is way bigger than teachers and municipal employees giving up (once again) more of their earnings to pension funds and healthcare. This is about the American people standing up for our founding fathers vision that we be fairly and equitably represented.

We empathize with the workers wanting to maintain the right to sit down and work out a resolution. We understand the budget issues each and every one of us has had since the financial meltdown of 2008.  However, to place the burden on the backs of individual working people is not only unwarranted but totally misguided.

Let’s sit back and objectively analyze why we’re at a cross roads in our country’s history.

1. It all started when the Glass-Steagall Act (separated commercial and investment banking) was repealed (1999). This enabled the Wall Street banks to raid the stock market (running down the value of our pensions over 50%) to place bets on collateralized debt obligations (CDO’s) and derivatives – they lost those bets. Then in an attempt to “double down” on their bad bets they crashed our financial system in 2008. WE the taxpayers had to bail them out to avert another depression. All so these folks can continue to receive their $20.8 Billion bonuses (2010).

2. These moves have led to a concentration of wealth in this country and a 10%+ unemployment rate. Companies do not want to add jobs to preserve their capital (one of the largest corporate cash holdings in the history of our country) and these economic woes continue to have rippling effects on every one of us.

3. Many of the contracts now being “reworked” with workers were negotiated in good faith and based upon tax revenues of a growing economy (municipalities, individuals & companies – those companies that actually pay taxes unlike Exxon Mobil that made $8 Billion in the 4th quarter of 2010 and did not pay one cent of Federal tax). Those tax revenues have been greatly reduced on the Federal, State and local levels over the past three years.

4. The tax breaks for the most wealthy people of this country were initiated and have been recently extended. Another huge drain on the revenue side of the income statements.

Now comes along Governor Scott Walker of Wisconsin saying the workers have to give to fix this financial mess. Mr. Walker was heavily subsidized in the 2010 election campaign by the Koch Brothers who have coal, gas and energy holdings. They have deep pockets (estimated $43 Billion in net worth)  and want control of Wisconsin’s electricity market (a little known provision of the bill being challenged in  Wisconsin that allows if it is in the best interest of the State, Wisconsin can privatize the electricity business) . Why? Electricity prices keep rising and will continue to rise as demand increases. The Koch brothers will make billions more. This was all exposed this past Wednesday when Walker was “punked” by a call that he thought was David Koch. Interestingly, the Koch brothers have set up a lobbying firm in Madison this week. Surprise – surprise.

Don’t tell us budget woes must be fixed on the backs of 98% of the American people! Tell us you will stop catering to the most wealthy people and companies in this country and their influence (lobbyists) on our legislative process.  Tell us you will spend our money to create good paying jobs. Tell us you will spend our money to educate our Children so we can compete in the global economy. Tell us you will spend our money to clean up our environment with clean, renewable energy – not coal Mr. Koch.

Tell US that democracy is still we the people and not we the privileged few that have the most money and influence!

What is going on in Wisconsin and other States is way bigger than a budget or a contract – it’s about preserving the right of every citizen in this country to still have a voice.

This is not about being in a union (we are not members of a union) it’s about US. We will be in Madison, Wisconsin tomorrow. We will support the people. It’s about US.

Thank you Governor Walker – you have given WE the people the stimulus to stand up for our rights.

Senator Bernie Sanders of Vermont once again exhibits he is the Senator for all of this United States and it’s people, not just Vermont.

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Sanders Calls Republican Budget Cuts Hypocritical

WASHINGTON, Feb. 25 – Sen. Bernie Sanders (I-Vt.), a member of the Senate Budget Committee, issued the following statement today on negotiations to keep the government running past March 4:

“At a time when this nation already has the most unequal distribution of income at any time since 1928, and after Republicans just passed huge tax breaks for millionaires and billionaires, it is hypocritical that they now want to balance the budget by cutting desperately-needed programs for hard-working Americans. Democrats must fight back and say no to continued attacks on working families.”

Contact: Michael Briggs or Will Wiquist (202) 224-5141

Category : Education / Environment / The Economy

2 Responses to “The People of Wisconsin = US!”


Bob March 2, 2011

HI World Spinner:

Thanks for visiting our site and your comment.

Yesterday, Governor Walker announced his budget proposing $900 Million in cuts to Education and Municipalities. This has now become more than a “debate”. It has become a very serious determination of how the people of Wisconsin will be effectively educated and protected?