P.T. Barnum of the 21st Century

Donald J. Trump is the reincarnation of the 19th century carnival barker, P.T. Barnum. Barnum sold his elixir to cure all the ills of his audience and Donald Trump is doing the exact same thing in 2016. Trump is telling us he will balance the budget, build the Wall, rebuild our military, take care of the Vets, and keep the promises made under Social Security and Medicare. He plans to do all this while cutting taxes, principally on the very wealthy like himself, which will add a Trillion Dollars every year to the existing annual budget deficit. The reality is that what Trump is promising cannot be done so long as 1 + 1 = 2.

Increased spending, which each of the promises Trump is making will require, while at the same time cutting the Tax Revenue by a Trillion Dollars per year is WHY Donald Trump went Bankrupt four times in the past. Add to all this the need to rebuild $4 Trillion Dollars of our Roads, Bridges, Dams etc. and you have a recipe for the largest Bankruptcy in the history of the world – The United States of America!

Voters must wake up and smell the roses. It is time to make the investments in America Trump is suggesting, except to build the Wall, but we need to realize that in order to do these things we must have the money to pay for them. Given what has happened to the Middle-class and the Poor in America since Ronald Reagan’s Trickle Down Promise of cutting taxes for the wealthy did not work, it is time we accept the ONLY way to pay for what is needed is to increase taxes on the only group that can afford to pay higher taxes – The top 10%.

Bernie Sanders and Hillary Clinton are also saying we need to invest in our country but they both acknowledge the need to pay for those investments by asking the wealthy to pay higher taxes. It is time for those who have been getting everything over the past 35 years to pony up!

 

Gene P. Abel

April 22, 2016

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