Archive for the ‘paul ryan’ Category

A Greed Driven Budget or April Fool’s Joke?

Tuesday, April 1st, 2014

WASHINGTON — Todays unveiling of Paul Ryan’s newest Republican budget exposed what Republicans will do if they gain complete control of Congress. His greed driven budget will allow the rick to harvest a windfall of tax cuts while the poor and middle class would be burdened with the painful costs. This budget will also allow Democrats to broaden the political difference between the two parties beyond health care, minimum wage and unemployment benefits.

Ryan laid out a budget plan that slashes $5 trillion in spending over the next decade on the backs of the poor and middle class. He falsely claims he would bring federal spending and taxes into balance by 2024, through drastic cuts to Medicaid and food stamps, and the total repeal of the Affordable Care Act just as millions are reaping the benefits of the law.

Domestic programs would be reduced to the lowest levels since modern government accounting while defense spending would increase. Medicare would be converted into a “premium support” system, where people 65 and older could purchase private insurance with small federal subsidies instead of government-paid health care. Subsidies in truth could not pay for health care of these people.

“We need to be a proposition party, not just an opposition party,” said Ryan, Republican of Wisconsin. “We believe we owe it to the [rich] country to offer an alternative to the status quo. It’s just that simple.”

Even with those tough political choices, the budget would balance in 2024 only because Ryan is assuming his cuts would prompt a burst of economic growth to raise tax revenues above what independent economists forecast. Back to trickle-down economics. He also does not adjust the government’s revenue ledger to reflect the cost of repealing the health care law’s tax increases and Medicare cuts, which could add an additional $2 trillion.

The Ryan budget will be formally drafted on Wednesday in the Budget Committee and brought to a House vote on Friday — if Republican leaders can find 217 votes to pass it over the concerns of moderates who say it goes too far and conservatives who say it does not go far enough.

Regardless of the vote, the budget will be front and center in the coming campaigns.

Paul Ryan’s budget is close to the heart of core Republican values and beliefs: Deliver Wealth to the wealthy, Power to the powerful, and suffering to everyone else…

In all, Ryan said, spending would be cut by $5.1 trillion over the next decade. More than $2 trillion of that would come from repealing Mr. Obama’s health care initiative, the Affordable Care Act, a political move that may be much more difficult now that more than 10 million Americans have gotten health insurance through the law, either through private policies purchased on insurance exchanges, through expanded Medicaid or private policies purchased through brokers but subsidized by the law.

Such an [Ann Rand] approach “empowers recipients to get off the aid rolls and back on the payrolls,” Mr. Ryan wrote. More importantly, it stuffs money in the pockets of the rich and powerful.

The toughest cuts would come from domestic programs that have already been reduced steadily to rubble, since 2011, when Republicans took control of the House. Nor did Ryan shy away from hot-button issues.

Education funding would be cut by $145 billion over 10 years. Pell grants for college students would lose $90 billion. University students would start being charged interest on their loans while still in school, reaping $40 billion.

Under the greed driven world of Republicans, Federal subsidies for the National Endowments for the Arts and Humanities, as well as the Corporation for Public Broadcasting “can no longer be justified,” Ryan said.

Not even big bird and Sesame Street will be spared the pain of Ryan’s cuts. The arts, in addition to public television, will be wiped off the face of the earth.

Paul Ryan: Void of a Moral Compass

Sunday, August 12th, 2012

Mitt Romney’s pick of the tea party hero as his running mate completes his move to the extreme right. He has picked as his running mate Republican Congressman Paul Ryan (R-WI), the architect of the GOP radical budget, which can best be described as the most extreme budget plan passed by a house of Congress.

Has Romney just committed political suicide? Have conservatives pushed Willard so far to the extreme right that he has completely pushed away Independents? A PUSH reminiscent of the commercial in response to Ryan’s plan showing a senior citizen being pushed over the cliff.

His running mate, Paul Ryan, is the radical author of the most extreme right-wing budget ever proposed in Congress. His plan will dismantle Medicare, privatize Social Security, and cut taxes for millionaires while raising taxes on the middle class.
Simply put, the policies Ryan stands for are a politically toxic brew. The question remains, will a majority of Americans be willing to drink this brew? The tea party faithful show they will bath in such a toxic brew but what about moderate Americans?

Paul Ryan isn’t just an extremist— like a serial killer, looks can be deceiving, he’s young, charming and smart. Some describe him as looking like “the boy next door.” Others describe him as Satan’s son. He’s the ultimate wolf in sheep’s clothing.

Much can be said about Ryan’s policies and philosophies that embellish greed and selfishness. Ryan embraces the extreme philosophy of Ayn Rand. He worships Ayn Rand, a libertarian novelist, best known for her philosophy that centers on the belief that selfishness is “virtue.” Ryan like Rand describes altruism as “evil,” and condemns Christianity for advocating compassion for the poor.

Though he “half-heartedly” publicly rejected “her philosophies” in 2012, Ryan professes himself a strong believer and devotee to the hedonism of her centered philosophy. Ryan said, “The reason I got involved in public service, by and large, if I had to credit one thinker, one person, it would be Ayn Rand,” he told a D.C. gathering.

Ryan believes Social Security is a “Ponzi scheme.” In September of 2011, he agreed with Wacho Rick Perry’s characterization of Social Security as a “Ponzi scheme”. He also advocates privatizing the Social Security and investing “gambling” it in stocks and bonds. He also supports removing all regulations, which were implemented to prevent a repeat of the orgy of greed that collapsed the financial and economic institutions; resulting in massive losses in the stock market of 2008.

Conservatives “falsely” claim privatization would outperform the current formula based for social security but the economic crisis of 2008 should serve as a wake-up call for those who seek to hinge Americans’ retirement on the stock market. In fact, a person with a private Social Security account similar to what Ryan proposes would have lost much of their retirement savings in 2008.

Ryan’s plan will raise taxes on the middle class and slashes taxes for millionaires. Ryan’s radical budget — which Romney embraces — replaces the current tax structure with two brackets — 25 percent and 10 percent — and cuts the top rate from 35 percent. As a result, the national debt would increase and the Federal tax collections would fall. His budget also proposes massive cuts in social programs. 62 percent of the savings from his plan would come from programs that benefit the lower- and middle-classes, who will also experience a large tax increase.

While Ryan would extend the Bush tax cuts for the top 1%, which are due to expire at the end of this year, he would not extend President Obama’s tax cuts for those with the lowest incomes, which will expire at the same time. The wealthy “earning more than $1 million a year, would see a large tax cut. The poor and middle class will see large tax increases.

Ryan also plans to end Medicare and replace it with a voucher system. Ryan’s latest “voodoo” budget transforms the existing version of Medicare, in which the government provides seniors with a guaranteed benefit, into a “premium support” system. All future retirees would receive a small government contribution to purchase insurance from an exchange of private plans. But since the premium support voucher will not keep up with increasing health care costs, the Congressional Budget Office estimates that new beneficiaries will pay large and increasing payments in the near future. Ryan’s plan also rises Medicare’s age of eligibility to 67.

Ryan’s radical budget would result in millions of lost jobs. His extreme budget calls for massive reductions in government spending. He has proposed cutting discretionary programs by approximately $120 billion over the next two years and mandatory programs by $284 billion, which, the Economic Policy Institute estimates, would “suck” demand “life” out of the economy and reduce employment though massive and prolonged layoffs.

At a time when education is essential to attract the jobs of the future, and jobs are becoming more technical in nature, even more education will be required to retain the better paying jobs, but Ryan wants to eliminate Pell Grants for more than 1 million students over the next ten years.

Of course, he supports corporate welfare. Ryan supports $40 billion in subsidies for big oil. In 2011, Ryan joined all House Republicans and 13 Democrats (use of the term loosely) in his vote to keep Big Oil tax loopholes as part of the FY 2011 spending bill. His budget would retain a decade’s worth of oil tax breaks “corporate welfare” worth $40 billion, while cutting “billions of dollars from investments to develop alternative fuels and clean energy technologies that would serve as substitutes for oil.” There is no place for alternative fuels in the Ryan plan, the tax breaks will continue to go to those who grease his palms and fill his pockets.

Don’t forget the best part of Ryan’s stand on big oil is the fact that he has ownership stakes in companies that benefit from oil subsidies. He “and his wife, Janna, own stakes in four family companies that lease land in Texas and Oklahoma to the very energy companies that benefit from the tax subsidies in Ryan’s budget plan,” the Daily Beast reported in June of 2011. His family companies are currently leasing the land for mining and drilling to energy giants such as ExxonMobil; a beneficiary of his tax breaks “corporate welfare”.

In one of the rare and most interesting clashes of viewpoints between Romney and Ryan are views on Romneycare. Ryan said, “I’m not a fan of [Romney’s health care reform] system,” when he did an interview with CSPAN in 2010. He argued that government is rationing care in the state and claimed that people are “seeing the system bursting by the seams, they’re seeing premium increases, rationing and benefit cuts.” He called the system “a fatal conceit” and “unsustainable.” He also feels Romney care is similar to Obamacare.

So for those who felt Romney would select a safe Vice-Presidential running mate, who would appeal to Independent voters, the jokes on you! His extreme selection of wing nut Paul Ryan may have the mad hatters dancing in the streets; it will surely have a more chilling effect on Independent voters and those who take the time to actually analyze the issues in this Presidential election.

What is worst, a liberal Massachusetts Republican Presidential candidate who lies and tries to act like a neo-conservative or a wing nut Vice-Presidential candidate who tries to act normal?

Why are so many Democrats smiling today?

‘If China Calls, Let it Go to Voicemail’

Monday, June 6th, 2011

“Congress has rejected raising the debt ceiling, so if China calls, let it go to voicemail.” - Stephen Colbert

“odd political theater”

“just for show”

 

U.S. Reps. Phil Roe, Jimmy Duncan, Chuck Fleischmann, Scott Desjarlias, Diane Black, Marsha Blackburn and Stephen Fincher all voted for a budget that raises America’s debt 60% but voted against raising the debt limit.

FACT: Republican Votes Against Raising Debt Ceiling “JUST FOR SHOW.” Tenn. Republicans are happily playing politics with the full faith and credit of the United States. Republicans urged the defeat of their own measure, while Democrats — who not long ago were seeking just such a vote to raise the debt ceiling without attaching spending cuts — assailed Republicans for bringing it up, saying its certain defeat might unnerve the financial markets. Just in case, Republican leaders scheduled the vote for after the stock market’s close, and in the preceding days called Wall Street executives to assure them that the vote was just for show, to show Mr. Obama that he would have to make concessions in budget negotiations if a debt-limit increase is to pass Congress. [New York Times,
6/1/11]


FACT: PAUL RYAN BUDGET WOULD INCREASE U.S. DEBT 60% (& DESTROY MEDICARE). The Paul Ryan Budget that U.S. Reps. Phil Roe, Jimmy Duncan, Chuck Fleischmann, Scott Desjarlias, Diane Black, Marsha Blackburn and Stephen Fincher voted for, would raise the debt limit over 60%. Republicans are holding the debt ceiling hostage by claiming that “Washington must begin living within its means.” However, the Paul Ryan budget, supported by every Tennessee Republican U.S. Representative, would increase the national debt (61.5%) from $14.3 trillion today to more than $23.1 trillion by 2021. [Los Angeles Times, 4/15/11]

 

NOT RAISING THE DEBT LIMIT WOULD BE ‘CATASTROPHIC’

JP Morgan Chase CEO: Raising The Debt Ceiling “It’s A Moral Obligation.” “The U.S. Treasury will officially hit its credit limit around May 16 for the 10th time in 10 years. If House Republicans prolong the fight over raising the debt ceiling past that date, government officials and Wall Street investors agree that it would cause financial chaos. ‘This chatter about not meeting our obligations, I just don’t understand it,’ JPMorgan Chase CEO Jamie Dimon said late last month during an event at the U.S. Chamber of Commerce.  Dimon is one of the few business leaders who have been outspoken on the issue. ‘It’s a moral obligation to ourselves and anyone who owns U.S. debt,’ he said. ‘They should know the United States is good for its money, period.’” [NPR, 4/13/11]

Chief Economist For The U.S. Chamber Of Commerce Said If Congress Didn’t Raise The Debt Limit The Result Would Be Higher Interest Rates , Financial Uncertainty And Damage To The Nation’s Fragile Economy. “Martin Regalia, chief economist for the [U.S. Chamber of Commerce], agrees that there’s no other option but to raise the debt limit. The chamber is lobbying Congress and educating lawmakers about what it could mean if that doesn’t happen: higher interest rates, financial uncertainty and damage to the nation’s fragile economy. Regalia says the ramifications of a default — or even a close call — can be an eye-opener for lawmakers. ‘It’s no reflection on them that they don’t fully understand the nuances of a budget process that I don’t think anyone fully understands.’” [NPR,4/13/11]

“The Debt Problem Won’t Be Resolved – And May Even Be Made Worse – By Not Raising The [Debt Ceiling.” “A number of lawmakers -- some of whom will speak at a Tea Party rally on Thursday -- have said they will not vote to increase the debt limit because it would be fiscally irresponsible. But their rhetoric is misleading because it conflates two different things. There's raising the debt ceiling, which is a technical necessity. Then there is the country's actual debt problem, which is a political and policy matter. Indeed, the debt problem won't be resolved -- and may even be made worse -- by not raising the ceiling.”  [CNN Money, 4/1/11]

House Republican Conference Chairman Jeb Hensarling “It Would Be Catastrophic To Have The Nation Default Upon Its Debt.” “Both House Republican Conference Chairman Jeb Hensarling (Texas) and Senate Majority Whip Dick Durbin (D-Ill.) said on CNN’s “State of the Union” that not raising the debt ceiling is not an option – although they disagree on how future budgets should address closing the budget gap.  ‘What I do think is, yes, it would be catastrophic to have the nation default upon its debt,’ Hensarling said.” [Hill, 4/10/11]

House Speaker Boehner Said Defaulting On The Debt By Not Raising The Ceiling “Would Be A Financial Disaster, Not Only For Us, But For The Worldwide Economy.” “The possibility of the U.S. defaulting on its debt due to congressional inaction isn’t on the table, House Speaker John Boehner (R-Ohio) said Sunday. Boehner said it would mean ‘financial disaster’ for the global economy if Congress were unable to come to a deal to raise the debt ceiling this spring. ‘That would be a financial disaster, not only for us, but for the worldwide economy,’ Boehner said on ‘Fox News Sunday’ of the risk of default. ‘I don’t think it’s a question that’s even on the table.’” [Hill, 1/30/11]