FacebookTwitterGoogle+RedditEmail

Trumps Attack on Social Spending Escalates Long-term Massive Robbery of American Work

The Trump administration has proposed  $1.7 trillion in cuts to major social programs for the coming yea while funneling even more money to the military-security state.The proposal is  a qualitative escalation of long-term government  attacks on existing social services.  But it is in reality small  potatoes compared to the decades-long channeling of ever-more of the wealth produced by Americas mental and physical workers to the military and finance capital.

Let’s go back to  2008 to see how this works. Since 2008 the U.S. government has transferred, about 1 trillion dollars per year, in free money under the so-called ‘quantitative easing program’ to the banks and major financial institutions. That’s a total of about 8 trillion dollars in free money transferred over eight years.

It’s sometimes said that ‘they just print the money’ so perhaps it doesn’t matter.  But that is not correct.  In fact, that money is a claim on socially produced wealth – goods and services – created by mental and physical workers in the U.S.  That’s eight trillion dollars removed from workers to the wealthy who control or hold stocks in the financial institutions.

Now let’s add another number for military expenditures.   The official government number has been around 500 billion per year for some years.   But if related expenditures for the military-security apparatus, such as the NSA, the CIA, and so forth, and we also include the cost of taking care of the military veterans who have been physically or mentally maimed in the wars of aggression they were pushed into, then the number approaches 1 trillion per year.

So in the past eight years combined transfers to the banks and finance capital, and military-security expenditures have totally around 2 trillion per year

That’s 16 trillion dollops worth of social wealth removed from working people over the past eight years.  That money could not be spent to build infrastructure; that money could not be spent to alleviate poverty; it could not be spent to create good jobs; to take care of the environment; to create a true universal health care system, and so forth.

A government that spends endless trillions to support a military-security apparatus oriented to wars of aggression, while sending more trillions to its wall street friends, clearly doe not represent the interests or needs of the American people  It’s not for nothing that a survey of young people in the U.S. found that a majority, though they may not fully understand it yet, said they preferred socialism to capitalism.

More articles by:

Eric Sommer is an international journalist.

August 16, 2018
Bruce E. Levine
“Don’t Be Stupid, Be a Smarty”: Why Anti-Authoritarian Doctors Are So Rare
W. T. Whitney
New Facebook Alliance Endangers Access to News about Latin America
Sam Husseini
The Trump-Media Logrolling
Ramzy Baroud
Mission Accomplished: Why Solidarity Boats to Gaza Succeed Despite Failing to Break the Siege
Larry Atkins
Why Parkland Students, Not Trump, Deserve the Nobel Peace Prize
William Hartung
Donald Trump, Gunrunner for Hire
Barbara Nimri Aziz
Morality Tales in US Public Life?
Yves Engler
Will Trudeau Stand Up to Mohammad bin Salman?
Vijay Prashad
Samir Amin: Death of a Marxist
Binoy Kampmark
Boris Johnson and the Exploding Burka
Eric Toussaint
Nicaragua: The Evolution of the Government of President Daniel Ortega Since 2007 
Adolf Alzuphar
Days of Sagebrush, Nights of Jasmine in LA
Robert J. Burrowes
A Last Ditch Strategy to Fight for Human Survival
August 15, 2018
Jason Hirthler
Russiagate and the Men with Glass Eyes
Paul Street
Omarosa’s Book Tour vs. Forty More Murdered Yemeni Children
Charles Pierson
Is Bankruptcy in Your Future?
George Ochenski
The Absolute Futility of ‘Global Dominance’ in the 21st Century
Gary Olson
Are We Governed by Secondary Psychopaths
Fred Guerin
On News, Fake News and Donald Trump
Arshad Khan
A Rip Van Winkle President Sleeps as Proof of Man’s Hand in Climate Change Multiplies and Disasters Strike
P. Sainath
The Unsung Heroism of Hausabai
Georgina Downs
Landmark Glyphosate Cancer Ruling Sets a Precedent for All Those Affected by Crop Poisons
Rev. William Alberts
United We Kneel, Divided We Stand
Chris Gilbert
How to Reactivate Chavismo
Kim C. Domenico
A Coffeehouse Hallucination: The Anti-American Dream Dream
August 14, 2018
Daniel Falcone
On Taking on the Mobilized Capitalist Class in Elections: an Interview With Noam Chomsky
Karl Grossman
Turning Space Into a War Zone
Jonah Raskin
“Fuck Wine Grapes, Fuck Wines”: the Coming Napafication of the World
Manuel García, Jr.
Climate Change Bites Big Business
Alberto Zuppi - Cesar Chelala
Argentina at a Crossroads
Chris Wright
On “Bullshit Jobs”
Rosita A. Sweetman
Dear Jorge: On the Pope’s Visit to Ireland
Binoy Kampmark
Authoritarian Revocations: Australia, Terrorism and Citizenship
Sara Johnson
The Incredible Benefits of Sagebrush and Juniper in the West
Martin Billheimer
White & Red Aunts, Capital Gains and Anarchy
Walter Clemens
Enough Already! Donald J. Trump Resignation Speech
August 13, 2018
Michael Colby
Migrant Injustice: Ben & Jerry’s Farmworker Exploitation
John Davis
California: Waging War on Wildfire
Alex Strauss
Chasing Shadows: Socialism Won’t Go Away Because It is Capitalism’s Antithesis 
Kathy Kelly
U.S. is Complicit in Child Slaughter in Yemen
Fran Shor
The Distemper of White Spite
Chad Hanson
We Know How to Protect Homes From Wildfires. Logging Isn’t the Way to Do It
Faisal Khan
Nawaz Sharif: Has Pakistan’s Houdini Finally Met his End?
Binoy Kampmark
Trump Versus Journalism: the Travails of Fourth Estate
Wim Laven
Honestly Looking at Family Values
FacebookTwitterGoogle+RedditEmail