Wednesday, April 2, 2014

GOP Budget: It's the Money, Stupid — From Needy to Rich

The GOP Budget
(The Ryan Budget)
The Good (None), the Bad (A lot), the Ugly (Plenty)


April 1, 2014 headlines from here and no, it was not a joke, but will be as the details emerge:

“Ryan’s Budget Would Cut $5 Trillion in Spending Over a Decade” 

On the surface, I and most Americans I suspect, would agree and say: “Yes, we need to reduce our overall spending to reduce the budget and stop deficit spending and foreign borrowing.” 

In theory that makes perfect sense, but not in GOP laa-laa land. It also makes sound and rational fiscal sense, again theory but not reality, as we peel away the onion skin and start crying when we see the damage inflicted by the cuts and meat-axe approach that would again hit and take away from the most-vulnerable and give more breaks to the top crust (call it the Robin Hood approach in reverse or as Romney and Ryan liked to say: “...taking from the “takers” and returning it to the “givers”). 

Does any of that sound familiar? It should — we've heard it all before. The only difference: updated methodology and timeline. A half-dozen highlights sure to please the top crust rubbing their grubby mitts in anticipation of the yellow brick road being paved their way include:

  1. He (Ryan) said it (this budget) would bring federal spending and taxes into balance by 2024.
  2. Have steep cuts to Medicaid and food stamps.
  3. Repeal of the Affordable Care Act (Obama-care) just as millions are reaping the benefits of the law.
  4. Increase Defense spending.
  5. And most domestic programs would be reduced to the lowest levels since modern government accounting. 
  6. Convert Medicare into a “premium support” system (those vouchers), where people 65 and older could buy private insurance with federal subsidies instead of government-paid health care (and hope the voucher covers it, it not, then what)?
So, stay tuned ... just scratching the surface here — a lot more coming on this. We call it the midterms ...

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