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RandomAccess
RandomAccess's Journal
RandomAccess's Journal
January 2, 2018
"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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Member since: Fri May 12, 2017, 09:00 PMNumber of posts: 5,210