Just go read this piece. Calls bullshit. Just as any intelligent analyst did at the outset. Shift $1.5 trillion from the many to the few, blow up the deficit, and round up the usual suspects.


One way to think about it is from the perspective of a small-business owner. Let's say you run your own bakery. You sell bread for $4 a loaf. Today, you sold 90 loaves, for $360 in revenue. You expect that, because it's a busier day at the bakery tomorrow, you'll sell 100 loaves then, earning $400. But you"d like to sell even more than that, so you lower the price to $3 a loaf to encourage additional purchases.

Congratulations! You sell 125 loaves. Your revenue goes up, to $375. That's more than you brought in the day before. Your price cut, though, has not "paid for itself" - because you ended up bringing in less revenue than you would have otherwise.

In other words, you brought in more money than the day before. But it's less than you would have made if you hadn't cut the price.

It will be so much better for the country when SS, Medicare, and Medicaid are eliminated. Right?

Views: 33

Comment by Ron Powell on October 18, 2018 at 1:00pm

It wouldn't even be better for those who believe that they would benefit from the elimination of "entitlements".....

Comment by koshersalaami on October 18, 2018 at 3:25pm

Create a financial crisis in order to claim you can’t afford to keep a program you want to get rid of for ideological reasons. That’s who we’re stuck with now. 

Comment by Tom Cordle on October 19, 2018 at 5:49pm

There is no surprise in any of this – or at least there shouldn't be; the Repugs have been openly advocating doing exactly this for decades. Indeed, it was been their stated objective since FDR first offered up his New Deal. And what were the first words out of Junior Bush's mouth after he just barely won re-election? "I have a mandate to privatize Social Security." Really?!

Comment

You need to be a member of Our Salon to add comments!

NEW BLOG POSTS

Abandoned

Posted by Doc Vega on November 17, 2018 at 2:51pm 0 Comments

To Sink Into

Posted by Doc Vega on November 17, 2018 at 2:48pm 0 Comments

The Age of

Posted by Doc Vega on November 17, 2018 at 2:30pm 0 Comments

Deep Thoughts For the Uninformed

Posted by Doc Vega on November 17, 2018 at 12:30pm 6 Comments

A Presidential Question

Posted by Ron Powell on November 17, 2018 at 6:30am 6 Comments

Happy Turkey Day

Posted by Dicky Neely on November 16, 2018 at 2:30pm 0 Comments

Not Newport

Posted by Robert B. James on November 15, 2018 at 8:23am 0 Comments

© 2018   Created by lorianne.   Powered by

Badges  |  Report an Issue  |  Privacy Policy  |  Terms of Service