And There Is A Balanced Budget

I guess today is Budget Day…where I piss on all things budgetary…oh well….someone has to do it!

The political ballet has been going on now for about 5 months, since the last election and the swearing in of the new Congress….that ballet has been the back and forth of the debate on a balanced budget……2 steps forward…one step back, then one step forward and then 3 steps back…..back and forth…..one side gets points the other side gets hammered and then it is vice versa……what then is the answer?

Good question, class!  The Repubs have come up with a budget that most of the middle class thinks sucks…..and that is the privatization of SS and Medicare….oh, my bad….they are calling it the personalization of SS and Medicare…..it is all in the presentation, huh?  Anyway looks as if they will back off of their proposal for a voucher system for Medicare….if they do how will that play against the balanced budget thingy?

TPM is reporting……

It turns out that if you strike the Medicare plan from the GOP budget — authored by Rep. Paul Ryan (R-WI) — it doesn’t achieve fiscal balance anymore.

“It certainly blows a major hole in his plan,” said Paul Van de Water, a health care and budget expert at the Center on Budget and Policy Priorities, in a phone interview.

If you take Ryan at his word, and assume that the tax-side of his plan is revenue neutral — a big “if” — his plan balances the budget over decades entirely on the spending side of the government’s ledger. Van de Water explains that if you take the Medicare privatization plan out of the equation, the budget sinks — dragged down by higher spending, and then higher interest payments as a result of larger-than-projected deficits.

Well that just SUCKS!  Without the voucher thing…Ryan’s budget proposal floats like a lead toilet…what to do….what to do?  My guess is to start tap dancing like a drunken sailor to try and find a compromise or the Repubs Golden Plan is dead in the flipping water…..Once again….what to do?  What to do?

2 thoughts on “And There Is A Balanced Budget

  1. I wonder about this – I mean, what is the point of having all this fuss about a budget, balanced or otherwise, when they never stick to it and know they won’t before they even agree it (if they DO agree about anything at all, that is)?

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