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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 476.00+2.4%Jan 27 4:00 PM EST
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To: stsimon who wrote (93773)8/21/2012 2:55:45 PM
From: elmatador   of 219831
 
You are very correct on the substantial cuts issue. Great Society social reforms will be rolled back.

The system donated to the lower stratum when the cake was huge.

Cake beomce smaller, lower stratum share gets very very small.

Great Society social reforms were the elimination of poverty and racial injustice. New major spending programs that addressed education, medical care, urban problems, and transportation were launched during this period. The Great Society in scope and sweep resembled the New Deal domestic agenda of Franklin D. Roosevelt, but differed sharply in types of programs enacted. Some Great Society proposals were stalled initiatives from John F. Kennedy's New Frontier. Johnson's success depended on his skills of persuasion, coupled with the Democratic landslide in the 1964 election that brought in many new liberals to Congress, making the House of Representatives in 1965 the most liberal House since 1938. [1] Anti-war Democrats complained that spending on the Vietnam War choked off the Great Society. While some of the programs have been eliminated or had their funding reduced, many of them, including Medicare, Medicaid, the Older Americans Act and federal education funding, continue to the present. The Great Society's programs expanded under the administrations of Richard Nixon and Gerald Ford. [2]

en.wikipedia.org
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