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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"One could not have made up a more cynical strategy."
Includes a good video interview --
Former Treasury Secretary Lew Says Tax Cuts Will Leave the U.S. Broke
https://www.bloomberg.com/news/articles/2018-01-02/former-treasury-secretary-lew-says-tax-cuts-leaving-u-s-broke
Its a ticking time bomb in terms of the debt, Lew said in a Bloomberg Radio interview with Tom Keene and Jonathan Ferro. You cannot run a fiscal policy by spending trillions of dollars you dont have at a time that the economy is doing well.
Having chosen to make tax policy without including Democrats in any of the conversation, now the administration probably cant rally Republicans in Congress to do the basic business of government, such as making sure the country doesnt default on debt and children dont get thrown off health insurance, he said.
. . .
The next shoe to drop is going to be an attack on the most vulnerable in our society, Lew said. How are we going to pay for the deficit caused by the tax cut? We are going to see proposals to cut health insurance for poor people, to take basic food support away from poor people, to attack Medicare and Social Security. One could not have made up a more cynical strategy.
https://www.bloomberg.com/news/articles/2018-01-02/former-treasury-secretary-lew-says-tax-cuts-leaving-u-s-broke
Its a ticking time bomb in terms of the debt, Lew said in a Bloomberg Radio interview with Tom Keene and Jonathan Ferro. You cannot run a fiscal policy by spending trillions of dollars you dont have at a time that the economy is doing well.
Having chosen to make tax policy without including Democrats in any of the conversation, now the administration probably cant rally Republicans in Congress to do the basic business of government, such as making sure the country doesnt default on debt and children dont get thrown off health insurance, he said.
. . .
The next shoe to drop is going to be an attack on the most vulnerable in our society, Lew said. How are we going to pay for the deficit caused by the tax cut? We are going to see proposals to cut health insurance for poor people, to take basic food support away from poor people, to attack Medicare and Social Security. One could not have made up a more cynical strategy.
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"One could not have made up a more cynical strategy." (Original Post)
RandomAccess
Jan 2018
OP
enough
(13,259 posts)1. That was the plan. No more money for Medicare, etc. NT
RandomAccess
(5,210 posts)2. Yes, I know. They've been quite vocal about it.
what I don't get is how can they be so BRAZEN about it?
To be honest, in my mind NOT EVEN their belief in an assured 2018 victory explains the brazeness.
kentuck
(111,103 posts)3. Voters Beware!
You have been warned!
moondust
(19,993 posts)4. Failed government.
You don't pass legislation this consequential to the national economy and the entire population on a strictly bipartisan basis without input or a single vote from the opposition party. It's getting pretty close to tyranny.