How can we afford expansions in social programs, AND tax cuts, AND rebuild other countries in the world?
Interesting characterization of that issue by Chomsky:
<<< . . . What they want do is not just to stay in office but they would like to institutionalize the very regressive program put forward domestically, a program which will basically unravel whatever is left of New Deal social democratic systems and turn the country almost completely into a passive undemocratic society, controlled totally by high concentration of capitals. This means slashing public medical assistance, social security; probably schools; and increasing state power. These people are not conservatives, they brought the country into a federal deficit with the largest increase in federal spending in 20 years, that is since their last term in office- and huge tax cuts for the rich, and they want to institutionalize these programs. They are seeking a "fiscal train wreck" that will make it impossible to fund the programs. They know they cannot face an election declaring that they want to destroy very popular programs, but they can throw up their hands in despair and say, "What can we do, there's no money," after they have made sure there would be no money by huge tax cuts for the rich and sharp increase in spending for military (including high tech industry) and other programs beneficial to corporate power and the wealthy . . . >>> |
