Jared Polis and the deficit debate
Update: Congressman Polis and I exchange comments below.
My local congressman Jared Polis from liberal Boulder, Colorado voted yesterday to cut domestic spending and eventually medicare in order to assure the safety of the public debt held by tycoons such as himself. The agreement, of course, contains no tax hikes. Polis, the fifth wealthiest member of congress with reported personal wealth between $36.7 and $285.1 million, will certainly be pleased that his bond portfolio didn’t take a hit, unlike most of his constituents who are destined for years of ongoing austerity and unemployment.
Polis is a consistent defender of the moneyed crowd. He told me last summer that we need to cut social security to “save” it, sent a letter to Nancy Pelosi expressing alarm at the proposed millionaire tax surcharge during the health care debate, and recently wrote a letter to Obama in support of maintaining the 15% tax rate on “carried interest” for hedge fund tycoons. Polis apparently wants to assure these billionaires continue paying lower tax rates than their secretaries, limousine drivers, and butlers.
Polis is a liberal on most social issues, but when it comes down to perhaps the most important social issue: money and the plutocracy, he’s part of the club. Just like Obama, I sure hope someone primaries Polis.