http://www.nytimes.com/2012/04/02/opinion/krugman-pink-slime-economics.html?_r=1 And when I say fraudulent, I mean just that. The trouble with the budget devised by Paul Ryan, the chairman of the House Budget Committee, isnât just its almost inconceivably cruel priorities, the way it slashes taxes for corporations and the rich while drastically cutting food and medical aid to the needy. Even aside from all that, the Ryan budget purports to reduce the deficit â but the alleged deficit reduction depends on the completely unsupported assertion that trillions of dollars in revenue can be found by closing tax loopholes. And weâre talking about a lot of loophole-closing. As Howard Gleckman of the nonpartisan Tax Policy Center points out, to make his numbers work Mr. Ryan would, by 2022, have to close enough loopholes to yield an extra $700 billion in revenue every year. Thatâs a lot of money, even in an economy as big as ours. So which specific loopholes has Mr. Ryan, who issued a 98-page manifesto on behalf of his budget, said he would close? None. Not one. He has, however, categorically ruled out any move to close the major loophole that benefits the rich, namely the ultra-low tax rates on income from capital.
same talk different year. just one question, why didn't obama and the demos fix this when they had the house and a filibuster proof senate?
It is also about a Philosophy of Government. Should the Federal Government be the ones to administer a national welfare and subsidy program. What role should the States play in providing the safety net to their citizens? Using the Federal Government to recycle tax dollars back into the community is probably the most inefficient and corrupt way to do it. Pull the Feds back and watch the States take their rightful position in the service of their citizens
no since I am not a republican, it has to do with you not asking hard questions about democrats. So once again, why didn't the demos fix this?
what happened to obama's (admin) budget: the dog eat it? I'm sure that was a good enough excuse at HAAAVARD for a black liberal.
Well, they do have a point. Ryan again demonstratd why he isn't really ready for the big stage. His budget may make perfect sense, but to just assume you will eliminate all these tax breaks, most of which are very important to republicans, is foolish.We went down this path before in the late '80's. Dumped a bunch of tax breaks and destroyed the real estate sector in the process, in exchange for lower rates. A few years later, in comes Bill clinton and he raises those rates. so we ended up giving away a lot of deductions for nothing. They played a variation of this game on Reagan and Bush. Both agree to huge tax increases in exchange for spending cuts, which somehow never were enacted. How many times are we going to get fooled by this game? The way to cut the deficit is to address the problem area, excessive spending. There are easy cuts available, starting with pointless wars and task forces in the middle east. Then eliminate useless, counterproductive or unconstitutional departments and agencies. End the War on Drugs. Consolidate Homeland Security with other security agencies and privitize the monster that is TSA.
No, the cliche is the implication that somehow the Democrats are any better. Both the Republicans and the Democrats will spend us into oblivion.