Profile image
By Robert Reich (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Trump’s Bonkers Budget – Donald Trump Ran for President as a Man of…

Tuesday, March 14, 2017 18:23
% of readers think this story is Fact. Add your two cents.

(Before It's News)

TRUMP’S BONKERS BUDGET

Donald Trump ran for president as a man of the people, who was going to fight for those who were left behind – but everything we’re hearing about his forthcoming federal budget says exactly the opposite: Spending that’s a great deal for big corporations that have hired armies of lobbyists, and great for the wealthiest few like himself. But leaving everyone else a lot worse off.

Here are four important early warning flares:

1. Trump’s budget will increase military spending by 10 percent (even though U.S. military expenditures already exceed the next seven largest military budgets around the world, combined). And that’s frankly scary for a lot of reasons from what it signals about his foreign policy priorities to the impact of that whopping spending hike like this on other parts of the budget.

2. Trump actually plans to cut corporate taxes (even though U.S corporate profits after are higher as a percentage of the economy than they’ve been since 1947).

3. He’s going to pay for this – in part – by cutting billions of dollars from the Environmental Protection Agency (which would strip the EPA of almost all its capacity to enforce environmental laws and regulations, at a time when climate change threatens the future of the planet). This is precisely the opposite of what the United States ought to be doing.

4. Last – but by no means least – huge leaps in military spending plus tax cuts will also mean big cuts to programs like food stamps and Medicaid (at a time when the U.S. has the highest poverty rate among all advanced nations, including more than 1 in 5 American children).

This is only the first step in the budget process, but with Republicans in control of both the House and the Senate these priorities have a good chance of being enacted, which is why we have to raise our voices – and push back – now.

Republicans in Congress are likely still recovering from the last recess – dubbed appropriately “Resistance Recess.” We need to take that winning spirit of resistance into the budget fight – and the time to start is right now.

So, let your members of Congress know that Trump’s budget is not your budget. Trump’s spending and tax priorities are not in the best interest of most Americans. And then let’s get to work to make sure we get a Congress in 2018 that reflects YOUR priorities.

Robert Reich

This is from Robert Reich’s blog, www.robertreich.org. He is professor of public policy at Berkeley, former U.S. Secretary of Labor, and author of 13 books, the most recent of which is “Aftershock: The Next Economy and America’s Future.”



Source: http://robertreich.org/post/158414627240

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.