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Wednesday, 30 January 2013

This comment is being censored by Huffington Post. How to stop wasting over $1tn a year on Corporate Welfare. Give the middle class and the poor HUGE tax cuts

Posted on 13:20 by Unknown
Saving over $1tn a year in annual Corporate Welfare is VERY EASY. 
Then give the middle class and poor LARGE tax cuts. 
Increasing the tax thresh hold by $7,500 would cost less than $500bn a year and would be a HUGE economic stimulus. 
It would also reduce unemployment instead of increasing it - like the fiscal cliff deal does. 

Stop spending $105bn a year for 7,000 mercenaries still in Iraq. 
Don't spend $88bn on the Afghan war - get out NOW. 
Drastically cut the $170bn a year currently being spent on building and supplying foreign military bases. 
Cancel all contracts with mercenaries. 
Cancel the $1.45tn project for the new stealth plane.
Cancel the ~$500bn project for new submarines. 
Review EVERY defense contract to either cancel it or save money.

Stop the over $100bn a year on Medicare fraud. 
Reduce the price of drugs or go generic earlier. 
Stop the $200bn a year of annual Pork. 
Stop the tax breaks for multinationals that allow them to pay zero or very little Corporation tax. 
Stop the futile war on drugs that costs $200bn a year. 

More details on my blog 

"ian56 blogspot very easy" 
"ian56 blogspot fiscal cliff deal financial analysis" 

N.B.
Huffington Post hardly ever post comments with links, here they are. 
http://ian56.blogspot.co.uk/2012/11/it-is-very-easy-to-cut-1tn-from-federal.html
http://ian56.blogspot.co.uk/2013/01/fiscal-cliff-deal-obamas-corporate-sell.html


The article on Huffington Post is a complete load of garbage. 
It is trying to pretend that less than $50bn a year of spending cuts is going to cause a recession when the middle class and the poor just got handed a HUGE $200bn tax hike in the fiscal cliff deal. 
http://www.huffingtonpost.com/2013/01/30/jobs-deficit-austerity-po_n_2582371.html


The proposed cuts are to the wrong things - see above. 

The Federal Reserve is bailing out the big banks to the tune of about $1tn a year in the shape of QE3 and QE4,  
Which is causing price rises in food & gas, lowering disposable incomes, lowering GDP growth and increasing unemployment. 
That needs to be stopped too.    

http://ian56.blogspot.co.uk/2013/01/the-2tn-of-excess-bank-reserves-is.html

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