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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRobert Reich: The Five Reasons Why the Ryan-Romney Economic Plan Would Be A Disaster for America
The Five Reasons Why the Ryan-Romney Economic Plan Would Be A Disaster for America
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So lets look at the five basic features of this marvelous Ryan plan.
FIRST: It would boost unemployment... According to the Economic Policy Institute, Ryans plan would mean 1.3 million fewer jobs next year than otherwise, and 2.8 million fewer the year after.
SECOND: Ryan would take from lower-income Americans and give to the rich who already have the biggest share of Americas total income and wealth in almost a century. His plan would raise taxes on families earning between 30 and 40 thousand dollars by almost $500 a year, and slash programs like Medicare, food stamps, and childrens health What would Ryan do with these savings? Reduce taxes on millionaires by an average of almost $500,000 a year.
THIRD: Ryan wants to turn Medicare into vouchers that wont keep up with the rising costs of health care thereby shifting the burden onto seniors. By contrast, Obamas Affordable Care Act saves money on Medicare by reducing payments to medical providers like hospitals and drug companies.
FOURTH: He wants to add money to defense while cutting spending on education, infrastructure, and basic research and development. America already spends more on defense than the next five biggest military spenders put together. Our future productivity depends on the public investments Ryan wants to cut.
FIFTH AND Finally, Ryans budget doesnt even reduce the federal budget deficit...The Center for Budget and Policy Priorities estimates Ryans Roadmap would push public debt to over 175 percent of GDP by 2050.
So there you have it. The Ryan Ryan-ROMNEY economic plan.
http://robertreich.org/post/29838761776
<...>
So lets look at the five basic features of this marvelous Ryan plan.
FIRST: It would boost unemployment... According to the Economic Policy Institute, Ryans plan would mean 1.3 million fewer jobs next year than otherwise, and 2.8 million fewer the year after.
SECOND: Ryan would take from lower-income Americans and give to the rich who already have the biggest share of Americas total income and wealth in almost a century. His plan would raise taxes on families earning between 30 and 40 thousand dollars by almost $500 a year, and slash programs like Medicare, food stamps, and childrens health What would Ryan do with these savings? Reduce taxes on millionaires by an average of almost $500,000 a year.
THIRD: Ryan wants to turn Medicare into vouchers that wont keep up with the rising costs of health care thereby shifting the burden onto seniors. By contrast, Obamas Affordable Care Act saves money on Medicare by reducing payments to medical providers like hospitals and drug companies.
FOURTH: He wants to add money to defense while cutting spending on education, infrastructure, and basic research and development. America already spends more on defense than the next five biggest military spenders put together. Our future productivity depends on the public investments Ryan wants to cut.
FIFTH AND Finally, Ryans budget doesnt even reduce the federal budget deficit...The Center for Budget and Policy Priorities estimates Ryans Roadmap would push public debt to over 175 percent of GDP by 2050.
So there you have it. The Ryan Ryan-ROMNEY economic plan.
http://robertreich.org/post/29838761776
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Robert Reich: The Five Reasons Why the Ryan-Romney Economic Plan Would Be A Disaster for America (Original Post)
ProSense
Aug 2012
OP
ProSense
(116,464 posts)1. Kick! n/t
BumRushDaShow
(129,124 posts)2. And it boggles the mind that they refuse to consider
military spending as federal spending.
Egalitarian Thug
(12,448 posts)3. K&R #5. n/t
Martin Eden
(12,871 posts)4. In a rational world, they'd be lucky to get 10% of the vote
Unbefuckinglievable