Ryan’s Budget Plan Is Ridiculous, But It Could Shift the Debate
http://news.firedoglake.com/2011/04/05/ryans-budget-plan-is-ridiculous-but-it-could-shift-the-debate/Ezra Klein has helpfully assembled a summary of the Ryan GOP budget. As you can see, while everyone’s talking about the privatization of Medicare and block-grant of Medicaid, there are plenty of other pieces worth discussing here even without any of that. Ryan would reduce discretionary spending to pre-2008 levels and freeze it for five years. He would repeal the Affordable Care Act and Dodd-Frank entirely. He would block grant the food stamp program, giving a set amount of money indexed to inflation, regardless of economic conditions. He would eliminate all changes to Pell Grants, kicking them back to 2008 levels. And he would use the savings from all that to make the Bush tax cuts effectively permanent, but actually do worse than that, by changing the tax code to lower the top individual and corporate tax rates to 25% and making up the revenue on the poor.
So this is a pretty pathetic budget. And it also happens to be a complete fiction.
(snip)
But I’d rather look at observable reality. With respect to the current budget debate, Republicans initially called for $33 billion in cuts, and then upped the number. Democrats eventually met them “halfway” by… offering $33 billion in cuts. Republicans said no, wanting more, and now Democrats are positioning themselves as the serious people by offering an imitation of the Republican budget. You can see exactly the same dynamic at work here. The Ryan deficit reduction plan goes beyond the Bowles-Simpson cat food commission plan. So you can absolutely see the Democrats counter-offer with… Bowles-Simspon.
(more at link)
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HOpe this is wrong wrong wrong...whaddya think?