Donald Trump and the Republican spending bill is a massive transfer of wealth from the bottom to the top.

We need a new system. We need a new society.

We need to demand that which may have sounded impossible even a few weeks ago,

but is not only realizable, but an imperative necessity. I'm We are excited to have Professor Richard Wolfe join us again for our regular weekly segment,

where we talk about the biggest stories related to the economy, the state of the working

class, and the crimes of

big business. I'm your host, Brian Becker. The Socialist Program brings you content several

days a week. Thanks to the support of our patrons at patreon.com forward slash the socialist program.

We appreciate all of your support and encourage you if you're not yet to become a patron

today. Professor Wolf, welcome back. Thank you very much, Brian. Glad to be here. Well, very glad to have

you. Richard, the U.S. federal budget for fiscal year 2024 was $6.75 trillion, according to the U.S. Treasury fiscal data. This represents

about 24 percent a quarter of the nation's gross domestic product, according to the

Congressional Budget Office. When you think about what's at stake here,

it's huge. And I think for most working class people, for most poor people, for most young people,

the idea of the budget seems something very far away, something they can't understand.

But this is a huge, vast pot of the country's wealth. And what we see

unfolding in front of us is a deliberate, orchestrated, cold-blooded, and basically uncontested,

that is, within the halls of Congress, effort to take money from working class and poor people,

especially from the poorest of the poor, from those who rely on Medicaid, and that's 70 million people in the United States,

not a small group, and give it to the very, very, very rich.

Anyway, I want to get your take.

Well, you're right.

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