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The draconian House GOP Budget Plan

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  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Huffington Post, March 12, 2013: GOP Budget Plan Promises To Repeal Obamacare, Cuts Medicaid

    House Budget Committee Chairman Paul Ryan released their proposed budget plan today. It mimics much of what Paul Ryan previously proposed during the election.

    Highlights:

    1. Claims to balance the budget within 10 years by simply cutting spending and avoiding further tax hikes.

    2. Promises to cut the deficit from $845 billion this year to $528 billion in the 2014 budget year...then drops to $125 billion in 2015 and thereafter hovers pretty much near balance for several years before registering a $7 billion surplus in 2023.

    3. Resurrects a controversial Medicare proposal that replaces traditional Medicare for those currently under 55 with a government subsidy to buy health insurance on the open market...(e.g. vouchers).

    4. Proposes sharp cuts to the Medicaid health program for the poor, tighter food stamp eligibility rules and claims $1.8 trillion in savings over a decade by repealing Obama's signature overhaul of the U.S. health care system.

    5. However, preserves the ObamaCare $700 billion plus in the health care law's cuts to Medicare providers over a decade.

    6. Claims to preserve the $600 billion in tax hikes on the wealthy enacted in January. However, drops the top marginal tax rate from 39.6 percent to 25 percent.

    7. Eliminates many or most tax deductions and uses those the savings to lower income tax rates.

    8. Preserves the Pentagon budget, but only at the expense of proposing dramatic cuts to domestic agency budgets.

    Those are some of the quick highlights identified by the Huffington Post. There will obviously be more to reveal as we have time to study it.
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Further assessments of the plan from Reuters include:

    A significant chunk of Ryan's proposed savings - about $1.8 trillion - come from the unlikely prospect of repealing the Obama health reforms.

    Medicaid cuts would total $756 billion over 10 years.

    Medicare cuts over 10 years total $129 billion.

    The tax code would be overhauled to just two rates: 10 percent and 25 percent.
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    Doomed to fail and be laughed at. If one analyzes it one finds the reason behind that budget. If you drive millions into the ground while at the same time creating greater wealth for a few then the poor will flock to churches for help and the wealthy will fund the rightwing powerbrokers. A win-win for (what would you call a phony theocracy ruled silently by corporations?).
  • Democrat
    Meridian, MS
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    I saw these too Schmidt and it all makes me just sick. How can this two-faced lying sob have the nerve to say and/or publish such a lost- cause repetition, that's right a repetition, of what he and his losing partner Romney proposed during their failing effort to attain the highest office in the land? I have researched the Obama proposed budgets through 2017, and he is already proposing significant cuts to welfare programs, just NOT draconian cuts that will hurt the middle and lower income classes like this proposed piece of junk from Ryan would. Plus the fact that Ryan is actually giving Americans a budget based on one huge lie. He does away with the Affordable Care Act and then magically uses over 700 billion dollars in savings from this same act, which doesn't exist anymore if he has his way. Every American should be saying "DUH". Let me address one more point, your number 6 above. If he preserves the $600 billion in tax hikes on the rich, but drops their rate from 39.6% to 25%, then he is NOT preserving the tax hikes. Another rousing "DUH", please.
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Gemswoven -- Yes it is a plan to be laughed at....by us liberals. But for those on the far right that have bought into the Paul Ryan false narrative on debt and government spending, it doesn't go far enough. They want a balanced budget and they want it now. Yet when people are polled on what specific programs to cut or not cut, the majority don't want to cut much of anything. The only item that seems to consistently poll in favor of spending cuts is foreign aid.
  • Democrat
    Meridian, MS
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    Like I said above Schmidt, since he is proposing only two tax rates, then he would be losing the Federal income that is coming in at over 39%, as well as the income of all other taxpayers from whichever rate they are currently paying 25, 28, or 33%. The only way to recoup this income, is to severely cut government spending on Medicare and Medicaid. His true colors are shining through: green for greed, and yellow for attacking the middle and lower tax brackets.
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Michaels --

    When I read the HP article, it didn't make sense that he would get rid of ObamaCare but keep the $700 billion in savings...or that he would keep the tax cuts on those making over $400,000 but then give them a reduction in marginal rate to 25 percent. It's all smoke and mirrors.
  • Democrat
    Meridian, MS
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    yup, smoke and mirrors....maybe Boehner will take a big drag of it and blow it up Ryan's ***!
  • Center Left
    Independent
    Central, FL
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    It does all sound crazy to me. What worries me is that this country seems to go back and forth on who they elect. After 8 years of a Democrat, maybe the masses will think it's time for a change and vote Republican. I sure hope not but I wouldn't be too surprised. Hopefully the reasoning that the Republicans favor only the wealthy and hurt others with their cuts will carry forward.
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    TJ Wrote: It does all sound crazy to me. What worries me is that this country seems to go back and forth on who they elect. After 8 years of a Democrat, maybe the masses will think it's time for a change and vote Republican. I sure hope not but I wouldn't be too surprised. Hopefully the reasoning that the Republicans favor only the wealthy and hurt others with their cuts will carry forward.
    Oops! But the midterms may not be the same for this president. One. The teaparty will help the Democrats energize the troops even though it is an off election. Two. Judd running on womens issues may just get folks out too. The dynamics are different now than they were for Bush in his second midterm.