Tuesday, April 12, 2011

The Slashing Of The Social Safety Net Illustrated

In December, we had the extension of the Bush tax cuts for the wealthy at a cost of $800 billion–cuts insisted upon by so-called “deficit hawks.” The deal struck this week by Democrats and Republicans cut programs for the middle and lower classes, continuing a trend. The plan of Rep. Paul Ryan (R-WI) dismantles Medicare and Medicaid while cutting the top tax rate from 35% to 25%. House Majority Leader Eric Cantor warns that these programs, along with Social Security, are on their way out. Two cartoons, respectively by Chan Lowe and Ben Sargent, capture the transfer of more wealth to the rich, the move toward regressive taxation and the slashing of the social safety net:

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