Progressives say that Republicans are attacking social programs in order to pay for billionaire tax cuts. That’s not true, since the U.S. government does not run on tax revenue, but the public believes that it’s true. (The rich pay no taxes anyway.).
So I say again (for the third time) it’s as though the rich people who own all the politicians have ordered Republicans to go on the warpath in order to rescue the Democrats. How else to explain Republican arrogance? They banned public hearings on the tax legislation in the House and Senate. They banned Democrats in the Senate from seeing portions of the bill until just before the final vote at 1:25 am on Saturday, December 2.
Rich people need Democrats to keep the masses asleep and gullible, but Democrats are corrupt, they are identical to Republicans, and they only want to talk about Russia-gate. So, to save them, Republicans have becomes absolute in-your-face assholes.
Democrats are complaining that the Republicans are boasting about wanting to cut federal safety nets. Of course, if Democrats really cared about safety nets, they would admit that the U.S. government does not run on loans or on tax revenue.
Bernanke and Greenspan admitted the truth. On 9 May 2016 Trump admitted that the U.S. government will never default on any debt or obligation, because it can just “print the money.”
That was before Trump got into the White House. During a Republican presidential debate in Miami, Trump said, “I will do everything within my power not to touch Social Security, to leave it the way it is.” But that was before Trump got into the White House. Likewise, Obama was a longtime advocate for Universal Medicare – but that was before he got into the White House.
Grover Norquist, a Republican who leads Americans for Tax Reform, was asked specifically about Trump’s remark that the U.S. will never default because it can always print more money. Norquist responded, “Yes, that’s just stating a fact. It’s what the United States government has been doing for quite a number of years. Printing more money.”
Norquist says that social programs must be cut anyway, in order to “stimulate growth.” We must have fewer dollars in the economy in order to “stimulate growth” and “create jobs.” Most Republicans agree.
“Once we light this economy up with tax cuts, there’s going to be jobs for everybody. So there will be no excuses for anyone who can work to sit at home. If we pass tax reform, we must have welfare reform. When you have a vibrant economy, there’s no reason for Americans to be on welfare.” ~ Rep. Clay Higgins (R-La.)
“For us to achieve 3 percent GDP growth over the next 10 years from tax reform, we must have welfare reform. We need people to get into the workforce. In my district, a lot of employers can’t find employees. Sometimes we need to force people to go to work!” ~ Rep. Rod Blum (R-Iowa) Source.
This trash might make sense if Republicans were serious about creating jobs (which they aren’t) or if tax cuts for the rich created more jobs (which they don’t).
In the video below, Gary Cohn (Trump’s chief economic advisor) speaks to a group of corporate CEOS. When John Bussey of the Wall Street Journal asks the CEOs to raise their hands if they plan to hire more people as a result of the tax cuts, only one hand in the room goes up. (Skip to 0:24.)
This is so blatant that I’m serious when I suggest that Republicans are trying to rescue the Democrats.
It will be interesting to see how this stuff turns out. As I always say, the masses will submit to anything as long as they have something to eat. They will rationalize their slavery forever. Hunger is the trigger for all uprisings and revolutions. The causes vary, but hunger is what lights the fire. Hunger (i.e. unaffordable food) triggered the French Revolution and the Mexican Revolution, plus the “Arab Spring” in 2011 (before the Empire hijacked it).
This is why our owners allow over 41 million Americans to receive Food Stamps. (Two-thirds of beneficiaries are disabled, children, or elderly.)
Now Republicans say they want to cut Food Stamps. Sen. Mike Lee (R-Utah) and Rep. Jim Jordan (R-Ohio) have introduced legislation to add new work requirements to food stamps. Speaker Paul Ryan (R-Wis.) is calling for the same.
Food Stamps benefit everyone. For the SNAP program alone the U.S. government creates $66 billion out of thin air each year, and those 66 billion dollars are spent directly into the economy. [According to a 2012 USDA report, SNAP benefits average $133 per family member per month, for an aggregate of $66.234 billion per year.]
In any case it is not certain that the banks will let Republicans cut Food Stamps, because the banks collect millions of federal dollars for administering the program. J.P. Morgan Chase collects $500 million a year in federal dollars for administering the EBT program in 21 states, plus Guam and the Virgin Islands,. The big banks also collect penalties and fees from people who get Food Stamps: $5 to replace a lost EBT card, $0.40 for each balance inquiry, $0.50 each time their cards are declined for insufficient funds, and $1.50 per withdrawal if they use ATMs to get cash more than once a month.
Forty cents may not seem like much, but if 41.5 million Food Stamp beneficiaries check their balances once a month, the banks collect $204 million per year from that alone. (Talk about getting paid for doing nothing!) EBT is a significant growth area for big criminal banks.