Former Reagan Budget Director Blasts Ryan

Discussion in 'Politics' started by Dutch, Aug 14, 2012.

  1. Dutch
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    Dutch Silver Member

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    This piece spells out many of the problems with Ryans philosophy.

    "Mr. Ryan showed his conservative mettle in 2008 when he folded like a lawn chair on the auto bailout and the Wall Street bailout. But the greater hypocrisy is his phony “plan” to solve the entitlements mess by deferring changes to social insurance by at least a decade."

    "The Ryan Plan boils down to a fetish for cutting the top marginal income-tax rate for “job creators” — i.e. the superwealthy — to 25 percent and paying for it with an as-yet-undisclosed plan to broaden the tax base. Of the $1 trillion in so-called tax expenditures that the plan would attack, the vast majority would come from slashing popular tax breaks for employer-provided health insurance, mortgage interest, 401(k) accounts, state and local taxes, charitable giving and the like, not to mention low rates on capital gains and dividends. The crony capitalists of K Street already own more than enough Republican votes to stop that train before it leaves the station."

    "In short, Mr. Ryan’s plan is devoid of credible math or hard policy choices. And it couldn’t pass even if Republicans were to take the presidency and both houses of Congress. Mr. Romney and Mr. Ryan have no plan to take on Wall Street, the Fed, the military-industrial complex, social insurance or the nation’s fiscal calamity and no plan to revive capitalist prosperity — just empty sermons.'



    http://www.nytimes.com/2012/08/14/opinion/paul-ryans-fairy-tale-budget-plan.html?_r=2&ref=opinion
     
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  2. Toddsterpatriot
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    Toddsterpatriot Gold Member

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    Stockman doesn't like Ryan?
    That's a relief. If that weasel liked him, I'd be worried.
     
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  3. IGetItAlready
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    IGetItAlready BANNED

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    Good thing Obama's appointed co-chair on his Committee On Fiscal Responsibility sees things differently.

    [ame=http://www.youtube.com/watch?v=dbzpuqWo6yU]Erskine Bowles: Ryan budget is "sensible...honest, serious" - YouTube[/ame]
     
  4. VaYank5150
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    VaYank5150 Gold Member

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    So, as a taxpayer, you are OK with "slashing popular tax breaks for employer-provided health insurance, mortgage interest, 401(k) accounts, state and local taxes, charitable giving and the like"?

    I can't speak for anyone but myself, but if Romney/Ryan cut those tax breaks, I (middle class) would see one helluva a tax increase?
     
  5. IGetItAlready
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    IGetItAlready BANNED

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    You're overlooking the closing of all the tax loopholes that all those "evil rich guys" so frequently take advantage of. Republicans have been pushing those for years but if it's not a direct increase on the wealthy, Obama has no use for it.
     
  6. beretta304
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    beretta304 BANNED

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    What did Stockman say about Obama's Budget? Oh wait! That's right, he never bothered to pass one.
     
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  7. IGetItAlready
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    IGetItAlready BANNED

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    He tried but couldn't get enough votes. More precisely, he couldn't get ANY votes.
     
  8. Claudette
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    Claudette Gold Member

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    LOL Nope. He couldn't even get his Dems to vote for it.

    Jesus. How bad is it when your own party kicks your budget to the curb??

    Good thing he's got his signature legislation, Obamacare, waiting in the wings?

    Oh wait. I forgot. He won't be mentioning that clusterfuck either. Never mind.
     
  9. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    Details details... :lol:
     
  10. beretta304
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    beretta304 BANNED

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    Oh really? He had BOTH Houses of Congress..DEMOCRATIC!
     

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