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A look back at history through clear glasses

17972 miscellaneous nuclear explosion explosionI am a child of the 1950's and 1960's and have also witnessed the challenges of the 1970's, 1980's, 1990's and where we are now in the 21st century. I experienced the Cold War first-hand and remember quite vividly practicing shelter drills in P.S. 213 by taking cover under my desk in case we were attacked with an atomic bomb. Even at that age I questioned the effectiveness of that particular strategy.
As a student in J.H.S. 166, I remember the anxiety of the nation during the Cuban Missile Crisis and the leadership provided by our young president in addressing the threat to our nation. I remember quite vividly, while in Brooklyn College, the feeling of panic when the student deferment was pulled during the height of the Vietnam War as well as the relief I felt when my lottery number was 272.

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Try some “Trickle Up” economics

The State of Maryland currently faces shortfalls in revenue predictions for both fiscal year 2017 and 2018. Tax revenues for FY2017 are expected to be about $16.6 billion which is down some $365 million from initial projections. Likewise, tax revenues for FY2018 are expected to be about $17.2 billion which is down some $418 million from initial projections.

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The return of "voodoo" economics

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The economic plan at the center of the Republican platform and the basis of the plan put forward by its party's candidate for president brings to mind the old adage “the more things change, the more they stay the same”.

Clearly, the candidate's economic plan reflects a quest for party unity as it captures so well the ideology of Speaker Paul Ryan and the Republican party. However, while Mr. Trump may pride himself on being a so-called “outsider” bringing with him new and fresh ideas, his economic plan turns out to be the exact same one that has been at the very top of Republican talking points for the last 35 years since Ronald Reagan, and which contributed greatly to the great recession of 2008.

His new and different economic plan is nothing more than Reagan's supply-side economics better known as “trickle-down economics” which has clearly failed working class America.  Just like Reagan's economic plan, this “new” plan consists of two key features: remove all regulations AND cut taxes on the wealthy and corporations. The result, as they would have us believe, will be prosperity for all since freeing up money at the very top will find its way to everyone else as it “trickles” down.

The reality is that it doesn't as evidenced by the fact that it hasn't.

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