The 12-member Super Congress is in the process of figuring out how to reduce the national deficit.
So far, the deficit discussion has been dominated by nonsense. Much of it has focused on huge cuts to Medicare and Social Security as well as other important programs.
We’re going to introduce some sense to the nonsense, and show them how to reduce the deficit by $1.1 trillion over 10 years.
Fossil fuel subsidies are a commonsense place to make cuts.
The polluting profiteers in the oil, coal and gas industries do not need taxpayer money. Over the least decade, the largest oil and gas companies alone reaped more than $1 trillion in profits. Ending fossil fuel subsidies would reduce national debt by $122 billion over ten years.
Wall Street is a commonsense place to increase revenue.
A very small tax on short-term speculation on Wall Street would boost federal revenue by $100 billion a year. This financial transactions tax would also create a disincentive for Wall Street’s riskiest practices – many of which continue despite the fact that these risky practices led to the economic collapse in 2008.
Sign the Petition to the Super Congress
We, the undersigned, call on the 12-member Joint Select Committee on Deficit Reduction (a.k.a. Super Congress) to end fossil fuel subsidies and enact a financial transactions tax. Doing so would reduce the deficit by more than an estimated $1.1 trillion over 10 years.
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Just one of the 99% writing this. Hopefull I (we) HAVE SOME DEMOCRATIC INFLUENCE ON OUR LEGISLATURES OR IS IT TOO LATE??
Thu Oct 27 00:23:59 EDT 2011
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Wed Oct 26 19:20:48 EDT 2011
You have no right to cut our social security and medicare. We contribute to them all of our working lives and we are entitled to it. Stop the oil subsidies and stop the wars and you might find it helps. More....Wake up! Why is it so obvious to the regular citizens yet you can't or refuse to see it.
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