- Jun 5, 2004
- Reaction score
http://socialistworker.org/2011/08/02/stake-in-the-heart-of-the-welfare-stateNOW WE know why Barack Obama heaped such praise on Ronald Reagan during the 2008 presidential campaign.
Having hailed the right-wing Republican known for axing social programs as a "transformative president," Obama has now far outdone Reagan by pushing cuts in social spending on a scale that the Republicans have only dreamed of.
If your eyes are glazing over at the large numbers and the complicated mechanics of the deal to cut $2.1 trillion from the budget over the next decade, here's a short summary of the agreement: Screw the sick, poor and the elderly while imposing a permanently lower standard of living for working people, all while helping bankers and the rich grab a greater share of society's wealth. But wait, there's more: The cuts could add up to as much as 10 percent of U.S. economic output. That's a body blow to an economy that's still rife with mass unemployment and hardly growing more than two years after the recession.
The article is quite poorly written, but I still think it can open up debate. Is the massive cut in spending an attack on the weakest elements on society (children, eldery, unemployed etc.), or simply what had to be done to save the economy? Is cutting spending rather than raising taxes the way to go? Bear in mind that Obama hasn't significantly raised the taxes during his term, despite the massive tax cuts that his predecessor implemented.