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Post by HStorm on Feb 10, 2005 17:39:11 GMT
Dubya has announced a typically ruthless and very pro-rich program of funding cuts in his rush to cover the enormous deficit in the US economy.
This involves reductions in spending on healthcare and education, and cut investments in infrastructure and welfare.
Bizarrely in this urgent battle to balance the books, Bush has still found room for a cut in taxes for the top bracket earners (which of course include people such as himself, Cheney and Rumsfeld), and massive reductions in inheritance tax - apparently the right of dead people to their money is more important than the needs of people who are still alive (nothing to do with the fact that Bush will inherit billions when his 80-odd year old Daddybush passes on of course...)
How typical of the Republicans to make sure that, once again, the burden of repairing the damage caused by the irresponsible rich is heaped on the shoulders of the helpless poor. All of these things were accurately predicted, even with a fair degree of statistical detail, by left-wing commentators such as Al Franken, Noam Chomsky and Michael Moore over the last two to three years, and they were dismissed by the neocons as "typical scare-mongering Liberal liars".
So much for looney left propoganda eh? How can anyone still trust the people on the American far right after all this?
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mond
Constituency Candidate
Posts: 8
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Post by mond on Mar 27, 2005 10:21:42 GMT
Well some deficit spending during periods of slow economic growth is a good thing. Gives government financed capital towards infrastructure and business development when private capital may be lacking.
However in Bush's case the past 3-4 years have seen massive unsustainable deficits and now they've suddenly decided to try and rein in the spending.
Amazingly the US has one of the highest spending on health care per developed country (14% of GDP according to the OECD 2004 report). However they don't have universal health coverage nor are the poor fully covered.
I think the US social system is screwed. The funding is misspent, ineffective and clearly results in huge budget costs.
I'm no economic expert - I studied criminology - but I can see how clearly dangerous and misdirected the tax cuts were and then the sudden declaration to cut social spending is.
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