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General News    H3'ed 6/19/19

Bosses pocket Trump tax windfall as workers see job promises vanish

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“The evidence continues to mount that the Trump-GOP tax cuts were a scam, a  bait-and-switch promising workers big pay raises,  more jobs & new investments, but largely enriching CEOs.  O nly 4% of the US workforce saw any sort of pay increase or bonus  but data  shows corporations have cut thousands of jobs since the tax cuts were passed, while using tax windfallsto buy back $1tn of their own stock, which primarily benefits corporate execs & wealthy investors since half of all Americans own no stock. . But big firms lobbied for  corporate giveaway this  saying – as AT&T did – that it would fund job-creating expansions.“Nobody here saw any of that benefit; if anything, quite the opposite. They changed our healthcare plans in 2019, so the costs for everyone went up, the costs for prescriptions went up.' said Mark Willie, a Wells Fargo office employee in Des Moines, Iowa.'

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)

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Who imagined that cutting the source of income to the government would cause great problems? click here

"If Congress does not act and Treasury runs out of money, which is forecast to happen sometime in late fall, Treasury would be unable to pay all of its bills on time, which could lead to a default on the government's obligations, a spike in interest rates, a surge in unemployment and a stock market crash. Fitch Ratings warned earlier this year that a shutdown coupled with a battle over the debt limit might damage the country's Triple-A credit rating."

"Forget building infrastructure , or fixing heath care and education. if a spending

deal is not reached to lift automatic spending caps known as the "sequester," the resulting automatic cuts would indiscriminately slash vital domestic programs and jeopardize military readiness, members of both parties warn."

Submitted on Wednesday, Jun 19, 2019 at 1:59:31 PM

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