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TRUMP Budget Director Mulvaney Declares WAR on the American People
In an interview with CNBC’s John Harwood, Mulvaney was asked about Trump’s stated intention to spend $1 trillion on infrastructure spending. (Trump won’t. He will almost certainly propose far less, offer tax breaks to corporations and billionaires, sell off public resources, and then claim the total adds up to $1 trillion.)
“Will Republicans be comfortable with adding to the deficit to pay for a trillion dollars in infrastructure?” Harwood asked.
Mulvaney’s response began this way: “Bad spending to me in terms of its economic benefit would be wealth transfer payments. It’s a misallocation of resources.”
The term “transfer payment” is commonly applied to health and welfare programs, and other forms of public assistance, since the people who receive the payments don’t provide any goods or services in return. Mulvaney is essentially saying that he opposes taxing the rich and using any of that money to help those who are in need.
“Will Republicans be comfortable with adding to the deficit to pay for a trillion dollars in infrastructure?” Harwood asked.
Mulvaney’s response began this way: “Bad spending to me in terms of its economic benefit would be wealth transfer payments. It’s a misallocation of resources.”
The term “transfer payment” is commonly applied to health and welfare programs, and other forms of public assistance, since the people who receive the payments don’t provide any goods or services in return. Mulvaney is essentially saying that he opposes taxing the rich and using any of that money to help those who are in need.
https://www.commondreams.org/views/2017/04/13/trumps-budget-director-declares-war-american-people