It was a hold up. The rich held us all hostage. In order to get the votes needed to extend unemployment benefits for the out of work and to keep the current tax rates for 95% of families, the Republican Party and 4 Democrats and Joe Lieberman blocked passage of reasonable bills for unemployment extensions and tax extensions.
The current deficit was caused by three major items, the Bush era tax cuts, the two wars, and the economic crisis.
Finance capital- that is to say rich people- caused the crisis, this recession and this unemployment. Now, they continue to insist on profiting from their heist. They insist on tax breaks for millionaires.
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