I took a wait and see attitude to Mr. Ryan’s new plan……wanted to see what was said in defense or opposition…….
We have had the prez budget and now Mr. Ryan has yet another one for us to worry about…..his idea is to cur $5.1 trillion from the budget in ten years……and of course it will fall on the backs of the poor and middle class to do all the sacrifice while corporations get an almost free ride on everything…….
Paul Ryan unveiled a Republican budget plan today that would slash $5.1 trillion in federal spending over the coming decade and balance the government’s books with wide-ranging cuts in programs like food stamps and government-paid health care for the poor and working class. About 40% of Ryan’s projected savings would come from the repeal of ObamaCare, reports the Wall Street Journal. Ryan’s budget claims balance by 2024, but relies on $74 billion in savings in that year from the macroeconomic effects of cutting deficits, which CBO says would have a long-term positive effect because it would free up savings and investment capital. Democrats are sure to seize on the maneuver as phony math; without these projections, however, Ryan’s budget plan would fall almost $70 billion short of balance.
The New York Times writes that Ryan’s plan “will serve more as a 2014 Republican campaign manifesto than a legislative agenda.” And the Washington Post says it “amounts to personal manifesto on government austerity from a man who has emerged as the GOP’s leading light on fiscal policy.” The Post also notes that Ryan wants to replace the outgoing Dave Camp as the next chair of the Ways and Means panel while still keeping his options open for a 2016 run for the White House. His complete budget blueprint is here via the Hill.
In his 2014 budget proposal, Ryan backed cuts to Medicaid and the Supplemental Nutritional Assistance Program (SNAP) – the program colloquially known as food stamps – and called for a repeal of the Affordable Care Act’s benefits. According to the CBPP, these cuts, which accounted for 72 percent of the budget’s total program cuts, would have “resulted in large increases in poverty and deprived many millions of affordable health insurance.”
Read the proposal and tell me if you think it is more for political campaigns than reality……..yes, this will be a manifesto for elections in November and most likely will also be used for the 2016 ones also……..
Does it sound like Trickle Down 2.0?
You think it sucks now….just wait for the results in 2014 and see how quick they start trying to implement these cuts……the election results will dictate their actions……..