Alternative Visions – Obama’s 2014 Budget – 06/05/13

Posted on: June 5th, 2013 by admin   Categories: Alternative Visions Business

Dr. Jack Rasmus undertakes a detailed analysis of Obama’s 2014 Budget released in April. Focusing primarily on proposed cuts to Medicare and Social Security, Tax proposals, and Defense spending, Jack shows how the budget ties into deficit cutting negotiations that will restart once the US House of Representatives and Teaparty radicals move their proposals for a massive change to the US Tax Code benefiting corporations out of committee later this summer.  Obama’s proposals for Social Security and Medicare amount to $700 billion or more cuts, while restoring defense spending, and proposing even more tax cuts for businesses. Jack shows why claims of social security and even Medicare are ‘in crisis’ are not true.

 

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