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He'll submit his own budget in early April. He wants Medicare, Medicaid and Social Security cuts. Republicans and Democrats agree. Expect grand bargain betrayal.
The 2011 Budget Control Act mandates reductions in vital social programs. Medicare, Medicaid, public pensions, food stamps, and other important ones are targeted. They'll be hit in out years.
Sequestering $1.2 trillion is for starters. Bipartisan complicity agreed on around $4 trillion over the next decade. Ryan wants nearly $5 trillion. Expect much more before it ends.
Deficit cutting is subterfuge for protecting corporate handouts, bailing out bankers on request, cutting corporate taxes, keeping Bush era tax cuts largely in place, funding America's war machine, and letting ordinary people and seniors bear the burden of austerity harshness.
Poverty, unemployment, hunger and homelessness approach record levels. Austerity worsens hard times. Paul Craig Roberts calls conditions today "untenable."
Americans have less purchasing power than decades earlier. Inflation is much higher than reported. Unemployment is triple the headline number. A "perfect storm" awaits. "Armageddon" is a short leap away.
Budget cutting madness on the backs of ordinary people assures it. Coverup and denial claim otherwise. How long can this charade continue?
Instability and economic insecurity assure more of it. Bad policies beget bad results. America is the most unequal developed country. It's one of the worst in the world, says
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