Fri Apr 6, 2012, 04:14 PM
ProSense (116,464 posts)
Krugman: Ryan In Two Numbers
Ryan In Two Numbers
I could do this in detail, but you can learn everything you need to know by understanding two numbers: $4.6 trillion and 14 million.
Of these, $4.6 trillion is the size of the mystery meat in the budget. Ryan proposes tax cuts that would cost $4.6 trillion over the next decade relative to current policy — that is, relative even to making the Bush tax cuts permanent — but claims that his plan is revenue neutral, because he would make up the revenue loss by closing loopholes. For example, he would … well, actually, he refuses to name a single example of a loophole he wants to close.
So the budget is a fraud. No, it’s not “imperfect”, it’s not a bit shaky on the numbers; it’s completely based on almost $5 trillion dollars of alleged revenue that are pure fabrication.
On the other side, 14 million is the minimum number of people who would lose health insurance due to Medicaid cuts — the Urban Institute, working off the very similar plan Ryan unveiled last year, puts it at between 14 and 27 million people losing Medicaid.
That’s a lot of people — and a lot of suffering. And again, bear in mind that none of this would be done to reduce the deficit — it would be done to make room for those $4.6 trillion in tax cuts, and in particular a tax cut of $240,000 a year to the average member of the one percent..
But Obama is very rude for pointing any of this out.
Boehner and Ryan are sad the President told the truth about Republicans
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Replies to this discussion thread
Krugman: Ryan In Two Numbers (Original post)
|Brooklyn Dame||Apr 2012||#3|
Response to ProSense (Original post)
Fri Apr 6, 2012, 05:27 PM
Brooklyn Dame (169 posts)
3. Good! Call out the wingnuts!
Response to lib2DaBone (Reply #6)
Fri Apr 6, 2012, 07:12 PM
Johonny (13,910 posts)
8. I agree
I can't see how pulling money out of programs that put money directly into the economy and replacing it with money going directly to people with so much extra unspent money now is going to produce higher economic output. I see it as a huge break to an already weak economy. Ryan's budget would be total economic chaos.