Black Public Scholars

July 29, 2011

Dr. Wilmer Leon: Debt Compromise on the Backs of African Americans is Really an Historical Trend

Filed under: Uncategorized — Staff @ 8:10 pm


By

Dr. Wilmer J. Leon III

During this debt and deficit debate President Obama has been very clear in stating, “Not only is it not fair if all this is done on the backs of middle-class families,” Obama said, “it doesn’t make sense. … That’s why people from both parties have said the best way to take on our deficit is with a balanced approach … one where wealthy Americans and corporations pay their share, too.”  It appeared as though closing tax loopholes and increased revenues coming from the “…oil company or a corporate jet owner that’s doing so well …” was not a point of compromise.

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