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Tuesday, March 22, 2016

Why Republican Elites are Threatened

New Column:

Why Republican Elites are Threatened, by Mark Thoma: ... Donald Trump’s tax plan will result in a fall in revenue of 9.5 trillion dollars over the next ten years, yet somehow he will fulfill his promise to protect Social Security and Medicare and balance the budget? When push comes to shove (or worse – this is Trump after all), who do you think he will protect, social insurance programs the working class relies upon for economic security or his own and his party’s wealthy interests? Ted Cruz has proposed an 8.6 trillion dollar tax cut. How, exactly, will that be financed without large cuts to social insurance programs or huge increases in the budget deficit?
Republicans have fooled people into thinking budget deficits can be reduced substantially by eliminating waste and fraud in government, cutting foreign aid, or that it is the fault of lazy, undeserving “others” who sponge off of government programs. ...

I am very happy that the Republican con is starting to come to light. Members of the working class who support Trump are beginning to see that the elites in the Republican Party do not have their best interests at heart. I am not pleased at all, however, that people are still being led to believe that there are simple answers to budget problems that do not require raising taxes, or, alternatively, reducing their hard-earned benefits from programs such as Social Security or Medicare. ...

    Posted by on Tuesday, March 22, 2016 at 05:24 AM in Economics, Politics, Social Insurance | Permalink  Comments (43)


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