The millions of Americans who feel bypassed by the economic recovery will find few rays of hope in the proposed Republican budget. Both the House and Senate versions not only drastically cut spending on education, retirement, environment, road and bridges, climate change, immigration, job creation, Obamacare, food stamps, and other social welfare programs; but it gives the Pentagon a blank check, and includes tax cuts for the rich and corporations while raising taxes for lower-income Americans. That’s the analysis by the National Priorities Project (NPP), and they make another disturbing point. In almost every one of these budget areas, nationwide polls show that a majority of Americans strongly oppose the specifics of this budget.
Nobel Prize-winning economist Paul Krugman slammed the proposals in the New York Times, arguing that "even in a cynical age accustomed to political duplicity, the budgets merit our vociferous outrage." Referring to trillions in unspecified budget cuts and revenue enhancements that will never materialize, he concludes “What you're left with is huge transfers of income from the poor and the working class, who would see severe benefit cuts, to the rich, who would see big tax cuts. And the simplest way to understand these budgets is surely to suppose that they are intended to do what they would, in fact, actually do: make the rich richer and ordinary families poorer.”
“We’re looking at an enormous, destructive con job,” says Krugman, “and you should be very, very angry.” As well as skeptical of recent GOP rhetoric on income inequality and concern for the poor. If you wish to express your feelings to your representatives, you can do so through Network.
Nobel Prize-winning economist Paul Krugman slammed the proposals in the New York Times, arguing that "even in a cynical age accustomed to political duplicity, the budgets merit our vociferous outrage." Referring to trillions in unspecified budget cuts and revenue enhancements that will never materialize, he concludes “What you're left with is huge transfers of income from the poor and the working class, who would see severe benefit cuts, to the rich, who would see big tax cuts. And the simplest way to understand these budgets is surely to suppose that they are intended to do what they would, in fact, actually do: make the rich richer and ordinary families poorer.”
“We’re looking at an enormous, destructive con job,” says Krugman, “and you should be very, very angry.” As well as skeptical of recent GOP rhetoric on income inequality and concern for the poor. If you wish to express your feelings to your representatives, you can do so through Network.
RSS Feed