Deficits, Deficits – the rhetoric of the forthcoming attacks on the poor
Republicans Create Bigger Deficits Then Blame The Entitled Poor
The Republicans have given huge tax breaks to the wealthy and corporations thereby ballooning the deficit by more than $1.5 trillion. Now, they will start making big noises about the need to cut funding for the poor and old to solve our deficit problem. This will be the run up to “reforms” of Medicaid, Medicare, SSI and Food Stamps and infrastructure repairs.
Keep in mind that most of our deficit in the last 15 years has been caused by Bush II’s tax cuts (these also failed to stimulate economic growth) and the wars we have carried on in the name of terror, financed entirely through borrowing.
Though I am not much of a seer, this is the second issue where past history definitely provides some guidance. Back in June 2017 I wrote about the use of Trickle Down Economics to justify Republican hand outs to the wealthy and corporations. See: “Trickle-Down Returns to Enrich the Rich“. With the same assurance you can look forward to a blast of Republican talk about how “entitlements” to the poor are bankrupting the nation – never mention the tax cuts and loop holes for the wealthy and corporations.
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Also published on Medium.