Looking at the Ryan Budget…
I’ve been putting this one off for a while, but it is time to address the Ryan Budget. To me, this budget proposal is frightening because it will only deepen the income divide between the 1% and everybody else. Okay, first of all, the plan depends heavily upon the Supreme Court rescinding the Affordable Health Care Act. In theory, that would save somewhere near a trillion dollars, although how would we really know?
Over the next 10 years this proposal would slash Medicare by close to $400 billion and Medicaid by over $700 billion. Just so we are clear, those are the health insurance programs for the elderly and poor…and wait, there is more! This proposal cuts the top income tax rate by nearly 1/3 down to 25%. So, if I read this correctly, this plan basically takes MORE money from the poor (and elderly) and gives it to the rich (in tax breaks). Notice, however, that there is no reduction in defense spending…yeah, that went up…gotta keep the bad guys away.
Not surprisingly, Mitt Romney is fully behind Ryan and his plan. From Romney:
“I applaud Rep. Paul Ryan for recognizing the looming financial crisis that faces our nation and for the creative and bold thinking that he brings to the debate,” Romney said in a statement. “He is setting the right tone for finally getting spending and entitlements under control.”
“Anyone who has read my book knows that we are on the same page,” Romney said.
You can read about it here. Again, income inequality is bringing the country to its knees. Right now .01% of the U.S. population controls 1/2 of the political spectrum. Yes, they have bought a political party. It is frightening and the only way it will change is for people to get politically active. Believe me, the government is scared of the people and don’t think that they are not watching all of the occupy business very closely. The government should ALWAYS be afraid of the people…it is one of the principles that the country was founded upon.
This is a great video that addresses the impact of income inequality globally…
I hope you take the 8 minutes it takes to watch the video. It lays it out very simply…income inequality is bad, very bad.