Tag Archive: U.S. Domestic Policy

Sep 09 2011

Obama’s Plan: Cut the Safety Net

So now we’ve heard Barry’s big “jobs speech” and it turns out to be the exact opposite of what is needed to rescue the crumbling nation.  No surprise there.

Obama’s so-called “jobs plan” is huge cuts in the payroll tax that are designed to manufacture a real future shortfall in Social Security, Medicare, and Medicaid, which will then be used as the rationale for imposing deep cuts on, or even the elimination of, all three programs.  Corporate tax cuts will drain even more revenue from the treasury, which will make extending unemployment insurance for the unemployed who currently qualify, not to mention infrastructure repair, highly unlikely.