House Budget Committee Chairman Paul Ryan released
his proposed budget for 2013. It is a budget the clearly protects
multimillionaires like himself but doesn’t look so good for the rest of us.
Here are some key points. Massive cuts to
food stamps, student loans, Medicaid and Social Security. It would also erase
Medicare as we know it changing it into a voucher program, which is great for
profit based health insurance companies but would leave millions of seniors to
deal with these companies on their own.
Now for the tax breaks; guess who gets
them? The top 1% wins again with the top income tax rate reduced from 35% to
25%. This would amount to a 3 trillion tax breaks for the wealthiest Americans.
Of course the tax breaks are made possible by the above mentioned reduction of
safety net programs.
Ryan says “It’s up to the people to demand…a
choice between two futures. The question is which future will you choose? Good
question shall we continue the supply side economics and reduced oversight of
corporate greed introduced by Reagan and continues to destroy the middle class
and bring grief to the poor or we can go with Paul Ryan and delude ourselves
that wealth will “trickle down” but in actuallity where the rich get all the
goodies.
We need a new New Deal based upon demand-side Keynesian economics and compassion
for the poor and opportunities for the middle class to be able to chase the
American Dream again.
Obscenity, aside from the sexual lewd stuff
is defined as “offensive or disgusting by accepted standards of morality and
decency; offensive to moral principles; repugnant.
The Ryan Plan has its detractors. Even the sometimes conservative bishops question its effects. Probably why even some in the GOP find it difficult to endorse.
ReplyDeleteI'm not sure how 'obscene' it is when, after the adjustments, the rich pay much more in taxes than the poor, and there's massive expenditure on social welfare programs.
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