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Politco: 'One one level, Ryan's projected savings aren't worth the paper they're printed on.'

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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-05-11 10:25 AM
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Politco: 'One one level, Ryan's projected savings aren't worth the paper they're printed on.'
(Emphasis mine)
Over 10 years, Ryan envisions cutting $1.7 trillion from domestic discretionary programs, $1.4 trillion by starving the new health care law, $1 trillion from Iraq and Afghanistan, and $771 billion by turning Medicaid into a block-grant program. Between “de-funding” the new health care law and the restructuring of Medicaid, that program would see cuts of $1.4 trillion over the next decade — though the pain of that may be overstated given that the spending for the new health care law hasn’t gone into effect yet. Ryan leaves Social Security alone.

On one level, Ryan’s projected savings aren’t worth the paper they’re printed on. The plan is dead on arrival in the Senate. Even if it weren’t budgets are not binding — and there’s a new one, with new projections, every year. Except, that is, for last year, when House Democrats, for the first time in modern budgeting history, failed to produce one.

From a legislative perspective, the key numbers are these: For fiscal 2012, the government would spend $3.529 trillion and collect $2.533 trillion, for a deficit of $995 billion — or $393 billion less than the projected $1.388 trillion deficit for this year; and over 10 years, the cumulative debt would be $1.7 trillion less than is currently projected because Ryan’s savings are offset by tax cuts to the tune of $4.2 trillion.

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Botany Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-05-11 10:29 AM
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1. and the debt comes from where Paul?
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OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-05-11 10:41 AM
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2. Watch our Democrats on the Hill (especially Blue Dogs and
DlC).

Very simply put: A vote for this bill as it stands
ends Medicare as we know it in 10 years.

Of course they will say they are saving it. Vouchers
or Coupons to buy your own insurance. Come on, common
sense tells you. The Voucher can never be enough
to pay the full premium on Health Insurance. If you
are in the income group that can add to the voucher
you will do just fine. The majority of Americans
are not making enough to be able to add more dollars
to the voucher. They are out of luck.

Furthermore, each year thereafter, Insurance Premiums
will rise in cost but your voucher stays the same.

Whooee that pesky Medicare Handout programs is gone.
(sarcasm)

How may Dseficit Hawk Democrats will vote with the
Republicans?????
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daa Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-05-11 12:21 PM
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3. Who says its dead in the Senate? Do we have a solid 40??
I doubt it, beyond Harkin and Sanders.
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