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Editorial: Where have the jobs gone? Congress.
On Monday, President Obama announced legislation to fund his plan to boost American jobs. One of the many provisions proposed would raise taxes on the wealthiest sector of citizens. Of course, this opened an age-old bipartisan fight that The Journal is growing weary of watching.
By imposing deduction limitations to individuals who make more than $200,000 a year and families who make $250,000, the government would raise over $400 billion. The conservative Congress would like to fund job creation through cutting funding to existing social programs.
The Journal truthfully just wants to see jobs being created. The cencus bureau, has already confirmed what we’ve all known; poverty is at its highest in 18 years.
When we graduate, we hope that our tuition money, dedication and efforts will land us with career opportunities beyond the doors of McDonald’s. Maybe then we can pay off the student loans we’ve taken out — though even with a job that may become impossible, if Congress continues cutting funding for education.
Whether the answer to America’s economic woes lies in re-configuring the budget or increasing the taxes of those who can most afford to spare a dollar these days, The Journal wants action to be taken, and soon. Politicians are paid a pretty penny to represent the people and help the nation persevere through crisis. And with student debt default at an all-time high, college grads are starving for employment.
Instead, the current Congress would rather play “king of the mountain,” seeing which party can maintain the higher ground on moral and ethical issues.
While The Journal realizes that those values each party founded their platforms on are an important part of the democratic process, there is currently no progress being made. And while politicians on both side of the aisle claim to be standing on principle, the nature of those principles remains unclear.
Sometimes compromise is a part of democracy — in the case of our current economic situation, it seems the solution is more important than the means.
Job creation is bound to be a major talking point in the upcoming months, with an election right around the corner. The paid talking-heads and empty-suits have already begun the process of slinging mud at each others job strategy.
The Journal hopes to see candidates shy away from broad idealistic statements and focus on practical solutions that will yield tangible results. The posturing, posing and flat-out bratty arguing of the current political scene is unflattering, unimpressive and unacceptable.