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Bernie Sanders warned us about the GOP cutting taxes then using cuts to Social Security & Medicare to make up for it. Why didn't you listen?
8 Answers
- Anonymous3 years agoFavorite Answer
He was right, I believed him.
Nearly a year ago, as the debate over Republican tax breaks for the wealthy was near its end, Senate Majority Leader Mitch McConnell (R-Ky.) insisted that the tax cuts didn’t need to be paid for – because they’d pay for themselves. Well of course they didn't.
Senate Majority Leader Mitch McConnell on Tuesday blamed rising federal deficits and debt on a bipartisan unwillingness to contain spending on Medicare, Medicaid and Social Security, and said he sees little chance of a major deficit reduction deal while Republicans control Congress and the White House.
He added that he believes “Medicare, Social Security and Medicaid” funding constitutes “the real driver of the debt.”
In the US:
The richest 1 percent now owns more of the country’s wealth than at any time in the past 50 years.
The wealthiest 1 percent of American households own 40 percent of the country's wealth, according to a new paper by economist Edward N. Wolff. That share is higher than it has been at any point since at least 1962, according to Wolff's data, which comes from the federal Survey of Consumer Finances.
From 2013, the share of wealth owned by the 1 percent shot up by nearly three percentage points. Wealth owned by the bottom 90 percent, meanwhile, fell over the same period. Today, the top 1 percent of households own more wealth than the bottom 90 percent combined. That gap, between the ultrawealthy and everyone else, has only become wider in the past several decades.
In the United States, the distribution of that wealth is even more skewed toward the top than the distribution of income.
The top 20 percent of households actually own a whopping 90 percent of the stuff in America — 90 slices of pie! That's exactly 4½ slices per person, nearly triple their “ideal” share according to Norton and Ariely's survey respondents. Their average net worth? $3 million.
That leaves just 10 percent of the pie for the remaining 80 percent of the populace. The next 20 percent of households (average net worth: $273,600) help themselves to eight slices, while the middle 20 percent ($81,700 net worth, on average) split a measly two slices.
Don't go feeling too sorry for that middle quintile, though — at least they get some pie. The fourth quintile of households gets literally nothing: no pie. But they're still doing better than the bottom 20 percent of households, who are actually in a state of pie debt: Their net worth is underwater, meaning they owe more than they have. Combined, the average net worth of the bottom 40 percent of households is -$8,900.
https://www.washingtonpost.com/news/wonk/wp/2017/1...
Now republicans just gave the rich 70% of the new tax cut, increased the deficit, and will claim the government does not have the money for social programs.
Bull sheet.
- Anonymous3 years ago
Trump just gave the biggest cost of living adjustment to social security in quite a while. Obozo was too stupid to do that. Another Obozo mess that Trump has to clean up!
- ?Lv 73 years ago
The difference between Democrats and Republicans is, Democrats lie to you. Republicans do not. Republicans do not lie because they know their supporters would never forgive them. The left does not have the problem. Their supporters will forgive anything, even when the lies hurt them. Republicans told us that tax cuts benefit everyone. The left lied about that. Republicans told us that repealing ACA would benefit everyone. It would. The left lied about that. So, the point is, if Bernie Sanders, the failed communist is complaining about Republicans and their affect on entitlements, he's lying. He constantly lies. And you guys continue to ignore it.
- Anonymous3 years ago
Bernie Sanders is a dumb stupid retard
- Anonymous3 years ago
Bernie Sanders is a moron
- Anonymous3 years ago
Who?