Friday, July 02, 2010

Jim McDermott: Unemployment Standoff 'A Class Warfare Issue'

Arthur Dekaney (HuffPo)
It's a class warfare issue," said McDermott in an interview with HuffPost after the House vote. McDermott, chairman of the Ways and Means Income Security and Family Support Subcommittee, lamented the fact that congressional deficit hawks squawked little during two wars and when Congress authorized a $700 billion bailout of the financial industry.

"Wall Street is saying to them, 'These deficits, they're making problems, we need to get this deficit down,'" McDermott said. "So the very people who took the money and were stabilized because we created deficits are now turning around and biting the hand that feeds them, that is, the taxpayers. It's unconscionable." MORE...

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