CBPP ANALYSIS OF JOHN BOEHNER’S PLAN | The Center on Budget and Policy Priorities concludes that
if enacted, John Boehner’s debt ceiling plan “could well produce the greatest increase in poverty and hardship produced by any law in modern U.S. history.”That sounds to me like something that would create strong incentives to not be poor and, indeed, to fully incentive richness. Consequently, we’ll have massive economic growth. Right?
http://thinkprogress.org/yglesias/2011/07/25/278913/cbpp-analysis-of-john-boehners-plan/In short, the Boehner plan would force policymakers to choose among cutting the incomes and health benefits of ordinary retirees, repealing the guts of health reform and leaving an estimated 34 million more Americans uninsured, and savaging the safety net for the poor. It would do so even as it shielded all tax breaks, including the many lucrative tax breaks for the wealthiest and most powerful individuals and corporations.REPORT:
http://www.cbpp.org/cms/index.cfm?fa=view&id=3548