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Sri Lanka: One Island Two Nations
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Sri Lanka: One Island Two Nations
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Thiranjala Weerasinghe sj.- One Island Two Nations
?????????????????????????????????????????????????Saturday, April 21, 2018
Trump and Republicans Signal Cuts to Social Safety Net

One twisted plan to take care of the the needy.
They also argue that welfare benefits are far too generous, and work requirements much too lax.
However, as is so often the case, truth is much different than reality.
The U.S. has the weakest safety net among the Western industrialized
nations, devoting far fewer resources as a percentage of gross domestic
product to welfare programs than do other wealthy countries.
Why are the Republicans talking about cutbacks to the social safety net?
Because according to a new analysis by the Congressional Budget Office,
the combined effect of President Trump’s tax cuts and the recent
budget-busting spending bill will push the budget deficit to $804
billion this year and just under $1 trillion for the upcoming budget
year and economic growth from the tax cuts will add 0.7 percent on
average to the nation’s economic output over the coming decade.
Those effects will only partially offset the deficit cost of the tax
cuts and will add $1.8 trillion to the deficit over the coming decade,
even after its positive effects on the economy are factored in.
These facts point the obvious lie about Republican promises that the tax
cuts would pay for themselves. In reality, the tax cut favored the rich
at the expense of the middle class and the poor.
Now Trump and Congressional Republicans plan to make up the deficit
caused by them on the backs of those not benefiting from the tax cuts by
cutting their social safety net.
Remember when during his presidential campaign, Trump said he would pay
off the national debt in eight years. And remember when Paul Ryan warned
of the dangers of deficits, “The facts are very, very clear: The United
States is heading toward a debt crisis. We face a crushing burden of
debt which will take down our economy — which will lower our living
standards.”
So much for Republican worries about the deficit.
Trump and the Republicans have a twisted plan to take care of the the
needy. Let’s hope get their Republican comeuppance this November.

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You can send Ralph an email at this address: stonere@earthlink.net
