I haven't been following politics for a while because these days all I hear is breaking news about flight MH370.
I received an email today from DNC HQ (whoever that is) that talks about Ryan's budget. This person wants me to sign a petition against Ryan's budget. Since I can't verify the claims contained in the email, I would like the experts on this forum to weigh in and let me know if the following content from the email is truthful:
Paul Ryan Budget
-Repeal Obamacare (kicking millions of people off their new plans)
-Turn Medicare into a voucher program
-Raise taxes on middle-class families with children by an average of $2000
-Give a huge tax break to the wealthiest Americans
-Devastating cuts to:
-education
-medical research
-public works
-job training
-food stamps
On a high level, its accurate.
The crux of Ryan's various budgets have been to:
-severely cut domestic discretionary spending, you know the 15% of the national budget that isn't SS, medicare, military or interest payments, in the near and long term.
-Increase military spending
-privatize medicare
-huge tax cuts and close "tax breaks/loopholes". Mostly benefiting businesses and the wealthy
-do all this and magically balance the budget
How? How does the numbers balance? Well..... liberal uses of magic asterisks
The loopholes are tax breaks that the middle class uses and cost quite a lot. Ie the mortgage interest deduction. He doesn't have the nuts to say it, but his numbers bank it
Assumptions (not at all supported/proven) that the new tax structure will lead to explosive growth, ridiculously low unemployment ~3%, and massive tax receipts. Basically the same crap we've been hearing since Reagan.
Lots of other details and horrors there, but thats the meat of it.
The real questions are: if its DOA, why does he keep putting it out there? And why won't conservatives be honest about agreeing in principal with it?
They've passed it in the house twice now. I agree it's not going anywhere as these details are deeply unpopular, and benefits easily disputed by economists but it's basically the only idea they are running with.