How bad could a Donald Trump presidency be, you ask?
From Professor Robert Reich's Facebook page today.
Trump has named Rep. Mick Mulvaney (R-S.C.) as his director of the Office of Management and Budget. Among Mulvaney’s chief duties will be overseeing the most dramatic overhaul of the nation’s tax code since President Ronald Reagan – cutting taxes on corporations from 35% to 15% and on wealthy individuals.
How will Mulvaney accomplish this while avoiding larger budget deficits? By cutting spending. Since Trump wants to increase military spending, where will those spending cuts come from? Medicare and Social Security.
Here are 4 things you need to know about Mulvaney:
1. When Mulvaney, 49, was elected to Congress in 2010, he quickly staked out ground as one of Congress’s most outspoken fiscal hawks — playing a key role in the 2011 showdown between President Obama and House Republicans that ended in the passage of strict budget caps.
2. Mulvaney is a founding member of the House Freedom Caucus, a group of about three dozen conservative hard-liners that has used its leverage to push Republican leaders to the right, and pushed House Speaker John A. Boehner (R-Ohio) out of power in 2015.
3. Mulvaney is also an advocate of a balanced-budget amendment to the Constitution.
4. Mulvaney is a close ally of Paul Ryan (who wants to turn Medicare into vouchers) and of Scott Pruitt (Trump’s pick to head Health and Human Services, who wants to repeal Obamacare).
Here are 4 things you need to know about Mulvaney:
1. When Mulvaney, 49, was elected to Congress in 2010, he quickly staked out ground as one of Congress’s most outspoken fiscal hawks — playing a key role in the 2011 showdown between President Obama and House Republicans that ended in the passage of strict budget caps.
2. Mulvaney is a founding member of the House Freedom Caucus, a group of about three dozen conservative hard-liners that has used its leverage to push Republican leaders to the right, and pushed House Speaker John A. Boehner (R-Ohio) out of power in 2015.
3. Mulvaney is also an advocate of a balanced-budget amendment to the Constitution.
4. Mulvaney is a close ally of Paul Ryan (who wants to turn Medicare into vouchers) and of Scott Pruitt (Trump’s pick to head Health and Human Services, who wants to repeal Obamacare).
So if you like
--cutting tax rates for the already-wealthy because, hey, they need more money, right?
--and cutting taxes still farther for corporations because why should they have to help pay for the nation's infrastructure?
--and if you like the idea of increasing our military spending still further because hey, we only outspend the rest of the nation's military budgets several times over. Let's go bigger!
--and if you like huge, multi-billion dollar budget deficits
--and if you think cutting Medicare so Americans get still less medical needs met
--and if you think cutting Social Security to grandma and grandpa is a good idea because hey, they're moochers....
THIS IS THE PLAN FOR YOU, AMERICA!
Why be fiscally responsible?
If you like the Kansas "trickle down economics" and their results, with all the budget deficits--$359 million, to date---you're going to LOVE the Donald Trump administration.
Let's never forget, too, folks---these are Republicans. This is the Republican Party doing this to you, to us all. They did it to Kansas and now they want to do it to America.
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