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Do we want to be the kind of America that faces an historic deficit and chooses to extend $690 billion in tax cuts for the wealthiest 2 percent of our citizens while cutting $650 billion in aid to children who need special education, student aid, and additional resources for low-income schools?
Do we want to be the kind of America that protects $44 billion in subsidies for oil and gas companies while cutting $47 billion in energy grants to help poor families heat their homes in the winter?
Right now the wealthiest Americans are wealthier than they’ve ever been and people living beneath the poverty line make up a larger slice of the American pie than they have since the Great Depression.
Is that really what we want? Really?
A special congressional supercommittee acknowledged failure Monday in efforts to cut the federal deficit by at least $1.2 trillion. The panel’s failure was announced in a joint statement issued in late afternoon after the close of U.S. stock markets, which plunged during the day.