SMRs and AMRs

Friday, May 11, 2012

The Human Cost of Ideology

NYT editorial

For more than a year, House Republicans have energetically worked to demolish vital social programs that have made this country both stronger and fairer over the last half-century. At the same time, they have insisted on preserving bloated military spending and unjustifiably low tax rates for the rich. That effort reached a nadir on Thursday when the House voted to prevent $55 billion in automatic cuts imposed on the Pentagon as part of last year’s debt-ceiling deal, choosing instead to make all those cuts, and much more, from domestic programs.

If this bill were enacted, estimates suggest that nearly two million Americans would lose food stamps and 44 million others would find them reduced. The bill would eliminate a program that allows disabled older people to live at home and out of institutions. It cuts money that helps low-income families buy health insurance. At the same time, the House bill actually adds more than $8 billion to the Pentagon budget.

In all, the bill would cut $310 billion from domestic programs; a third of that comes out of programs that serve low- and moderate-income people. Other provisions would slash by half the budget of the Consumer Financial Protection Bureau, which was set up after the financial meltdown to protect consumers from predatory lending and other abuses, and reduce the pay of federal workers.

Fortunately, it will never be taken up in the Senate, where the majority leader, Harry Reid, has said it would “shred the social safety net in order to protect tax breaks for the rich and inflate defense spending.”

(More here.)

1 Comments:

Blogger Tom Koch said...

It would be refreshing to hear liberals admit that the social safety net has a downside, one that has been described as a major contributor to "learned hopelessness instead of earned success". Liberals would do well to stop the constant shriek for more, more, more and instead, pause to assess results.

9:51 AM  

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