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" "We cannot simply speak out against an escalation of troops in Iraq, we must act to prevent it... There can be no doubt that the Constitution gives Congress the authority to decide whether to fund military action, and Congress can demand a justification from the president for such action before it appropriates the funds to carry it out.
Edward Moore "Ted" Kennedy (22 February 1932 – 25 August 2009) was the senior Democratic U.S. senator from Massachusetts. In office from November 1962 to August 2009, Kennedy was, at the time, the second-longest serving member of the Senate, after Robert Byrd of West Virginia. He was the younger brother of John F. Kennedy and Robert F. Kennedy, and the uncle of Caroline Kennedy.
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It is surely correct that we cannot solve problems by throwing money at them; but it is also correct that we dare not throw our national problems onto a scrap heap of inattention and indifference. The poor may be out of political fashion, but they are not without human needs. The middle class may be angry, but they have not lost the dream that all Americans can advance together.
We can achieve 350 billion dollars in savings by avoiding these future reductions in the tax rates paid by the wealthiest taxpayers in the highest income brackets, and by maintaining the tax on estates above 4 million dollars. These wealthiest taxpayers will receive less of a tax reduction than they anticipated -- but they will still be receiving billions of dollars in new tax breaks. These future tax cuts for those at the top are not part of the fight against the recession. They are not scheduled to occur until long after the economy emerges from the downturn. In fact, taking fiscally responsible action now will actually help the economy -- by leading to reductions in long-term interest rates that have remained stubbornly high because of the fear that unaffordable tax cuts will lead to growing federal deficits throughout the decade. Reducing that threat will reduce the cost of long-term borrowing for businesses, and provide a stimulus for new job creation now. Future additional tax breaks for the wealthy do not deserve higher priority than strengthening education -- or covering prescription drugs under Medicare -- or protecting Social Security -- or meeting other urgent national priorities.