This game of battling budget proposals is getting weary……..Recently, whiz kid Ryan offered up his new budget proposal…..here is the rub……the newest budget is almost word for word the last whiz kid proposal…….only the new one says it will balance the budget in 10 years as opposed to the 40 years in the last one…….but do not take my word for it……..
(Newser) – Paul Ryan is unveiling his latest budget proposal, and this time, he says, it’ll balance in 10 years—half the time he claimed for his previous budget, NPR notes, because he’s including new revenue from the fiscal cliff deal. As promised, the new plan calls for repealing ObamaCare, to be replaced with “patient-centered reforms,” Ryan writes in the Wall Street Journal. Ryan would also boost oil drilling and reform Medicare, the tax code, and welfare, Politico reports.
“On the current path, we’ll spend $46 trillion over the next 10 years. Under our proposal, we’ll spend $41 trillion,” Ryan writes. “Because the US economy will grow faster than spending, the budget will balance by 2023, and debt held by the public will drop to just over half the size of the economy.” Among his proposals:
- On taxes: Instead of the current “Rubik’s cube,” “our goal is to have just two brackets: 10% and 25%,” Ryan writes.
- On welfare: “After the welfare reforms of 1996, child poverty fell by double digits,” he notes. The budget would let states “tailor programs like Medicaid and food stamps to their people’s needs.”
- As for Medicare: “Starting in 2024,” seniors will see “a range of insurance plans from which they can choose—including traditional Medicare.” It will be “a premium support program,” notes NPR.
- Meanwhile, Patty Murray, Democrat head of the Senate Budget Committee, is proposing her own plan, which would raise tax revenues by almost $1 trillion as it cuts spending to the same extent, Politico reports. She’ll meet with party members, including President Obama, today.
Why waste time? This budget is dead on arrival at the Senate……..and the Senate budget will be dead on arrival in the House……..and Obama’s budget will just tickle somebody’s fancy…..but wait! This sounds a lot like the budget that Ryan ran on in 2012…..oh yeah, he lost! so why go through this BS? Why waste the country’s time?