The federal government has defunded many environmental protection and restoration initiatives. The EPA itself has been emasculated and is in danger of extinction. I can’t understand why more people don’t see “trickle down” economic policies for what they are – regressive social engineering used to transfer more wealth from the poor to the rich. Cutting taxes on the top income earners does not create more jobs; instead it takes money from the government, leaving less to provide essential services to citizens.
The nation’s unnerving descent into debt began a decade ago with a choice, not a crisis.
In January 2001, with the budget balanced and clear sailing ahead, the Congressional Budget Office forecast ever-larger annual surpluses indefinitely. The outlook was so rosy, the CBO said, that Washington would have enough money by the end of the decade to pay off everything it owed.