Merry Christmas Middle Class, Enjoy Your Foreclosure

Funny story written by P.M. Wortham

Wednesday, 1 December 2010

image for Merry Christmas Middle Class, Enjoy Your Foreclosure
"Did you winterize the yacht yet, Bob, or are you vacationing in the Florida Keys?"

In the age of politics and raging partisan testosterone, two million unemployed people who lost their jobs as a result of the economy are about to lose unemployment benefits just in time for the holidays. Which is fine really, provided the top 2% of income earners in the U.S. don't lose their tax advantages.

With the maximum unemployment insurance benefit coming in at just over $300 per week, most unemployed middle class will use the total of those benefits for mortgage and utility payments. Food and basic medical needs are a merely another insignificant and pesky little problem. Without that emergency lifeline, many expect to default on their mortgages and enter the ranks of the homeless.

Just as long as the wealthiest in America can keep their tax cuts, set at a time before the recession had taken hold. While congressional leaders oppose the extension of unemployment benefits to their own constituents without finding a way to pay for it, they also support the extension of tax cuts which can in fact be paid for cutting those same unemployment benefits.

Now, nobody truly expects these offsetting issues to be easy to resolve. In fact H.L. Mencken may have said it best. "There is always an easy solution to every human problem. Neat, plausible and wrong". The crux of the political argument for both these issues is all about how to pay for it, and the solution won't be easy. But with most seated congressmen and senators being millionaires themselves, it took millions to actually win their respective elections remember, it seems unconscionable when these same social leaders refuse to extend emergency benefits to their own voters while granting themselves an extended tax cut.

It's beginning to look a lot like Christmas. At least in Washington, on capitol hill, and in our leadership's own bank accounts.

The funny story above is a satire or parody. It is entirely fictitious.

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