Ron Johnson Thinks The Budget Deficit Is Your Problem, Not His

Today, the U.S. Senate voted to consider a non-binding resolution (a bill that says something but does nothing) to say that the budget deficit should be fixed through shared sacrifice, not just on the backs of the poor and middle-class. The motion was agreed to with 74 yes votes, but Senator Ron Johnson from Wisconsin voted no.

Why would Ron Johnson vote against even considering the bill when so many Wisconsin families are struggling and all Johnson can talk about is holding up the Senate in order to reduce the deficit*? Even a majority of Republicans voted to consider the resolution. So why not Mr. Johnson?

A read of the very short bill (S. 1323) may provide some insight.

(a) Findings- Congress makes the following findings:

1. The Wall Street Journal reports that median pay for chief financial officers of S&P 500 companies increased 19 percent to $2,900,000 last year.
2. Over the past 10 years, the median family income has declined by more than $2,500.
3. Twenty percent of all income earned in the United States is earned by the top 1 percent of individuals.
4. Over the past quarter century, four-fifths of the income gains accrued to the top 1 percent of individuals.

(b) Sense of the Senate- It is the sense of the Senate that any agreement to reduce the budget deficit should require that those earning $1,000,000 or more per year make a more meaningful contribution to the deficit reduction effort.

This appears to be the critical sentence - "It is the sense of the Senate that any agreement to reduce the budget deficit should require that those earning $1,000,000 or more per year make a more meaningful contribution to the deficit reduction effort."

One may remember that Mr. Johnson received ten million dollars in compensation from his company, Pacur, earlier this year. If Mr. Johnson voted for this bill, later he would have to vote to increase his own taxes (unless he flip-flops) since the bill says those making at least a million dollars should pay more taxes.

Ron Johnson is perfectly happy to vote to eliminate Medicare, but he won't even vote to agree on a motion to consider a non-binding resolution that says at some later time he'll vote to increase his own taxes. Mr. Johnson thinks the budget deficit is a big enough problem to halt all other Senate business, but he doesn't think it's a big enough problem to require a little bit more of his $10,000,000.00. He'd rather take money from the poor, elderly, disabled and from the programs every middle-class American pays for and counts on.

It's your big problem, not his.

*The first effort Johnson's put forth is to further slow a Senate which is on track to be one of the least productive Senates in decades.