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Income inequality

In 2016, the Congressional Budget Office reported that “income inequality massively intensified in the last 20 years.” As a result, 10 percent of families now hold 76 percent of America’s total wealth. In 2013, the bottom half owned a measly 1 percent. This insatiable appetite for wealth is driven by a record-breaking stock market, and 10 years of George W. Bush tax cuts for top earners, costing America’s treasury $4 trillion. Today, obscene trillions lie dormant, hoarded in lavish portfolios. Yet, half of America lives day-to-day with stagnant wages, exorbitant health care costs, unrestrained inflation, and the threat of entitlement cuts, with grave uncertainty of what tomorrow may bring. Mysteriously, a good number of these struggling Americans are the co-creators of the dreadful economic reality that now surrounds them, when they foolishly abandoned their hopes and dreams in last November’s election. In their failing to “tune-out” conservative political innuendo, the wolves have returned to Washington to guard America’s henhouse. Should the proposed reductions in top-bracket federal taxes and corporate taxes, plus the elimination of the inheritance tax, be enacted, the cost is estimated to be $8-10 trillion over 10 years.

The president talks of “draining the swamp in Washington D.C.” The only drainage about to take place is scheduled for the U.S. Treasury.

Is it not obvious that a good share of these budget-busting tax cuts are earmarked for those already overflowing political campaign coffers? The real measure of 21st century government is the too frequent occurrence of funding a government mired in inescapable debt? This practice of “cooking the books” that extends the National Debt, is malfeasance at its worst, running rampant in the corrupt halls of Congress.

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