Liberal Democrat

Liberal Democrat
Father of American Liberalism

Tuesday, March 12, 2013

PBS NewsHour: 'Paul Ryan Announces 2014 Budget Proposal and Calls for No New Taxes'

Source:PBS NewsHour- House Budget Committee Republicans talking about their 2014 budget proposal.

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From Wikipedia 

"On Tuesday, March 12, 2013, Wisconsin Rep. Paul Ryan, chairman of the House Budget Committee, introduced House Republicans' fiscal year 2014 budget resolution called, "The Path to Prosperity: A Responsible, Balanced Budget." During a press conference at the U.S. Capitol Building, Ryan detailed how his proposal would balance the budget in 10 years by cutting spending and without any new taxes." 

From the PBS NewsHour

If the 2013 Ryan budget is anything like the 2012 and 2011 Ryan budget, we are not talking about a balanced budget. Which would be a budget that eliminates the budget deficit, or actually fixes our fiscal problems. Because once again except for Medicaid, it does nothing to bring down our budget costs. 

Repealing the Affordable Care Act won't do anything for the budget deficit either, because we'll see more people as a result without health insurance and getting free health care at the emergency room, well, free for them. But expensive for anyone with health insurance who has to pay for that health care. 

So again we are talking about a budget plan that goes after 15% of the Federal budget roughly and over a ten-year period thats only around 600B$. And thats assuming you eliminate all of that spending that goes to people who live in poverty. Which I believe not even Representative Ryan is interested in doing and does nothing for the big three. Which is so-called entitlements, defense and the tax code where most of the money on the Federal budget is.

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