TALLAHASSEE — With Republican presidential hopeful Mitt Romney’s VP pick of Paul Ryan, the partisan praises are pouring into the inboxes — including from Florida Sen. Marco Rubio, who was rumored to be a candidate, and former Gov. Jeb Bush, who was lobbying for Rubio.
The reaction from Jeb:
“I applaud Mitt Romney’s selection of Paul Ryan as his Vice Presidential running mate. Congressman Ryan’s command of economic policy and the federal budget will prove invaluable as Governor Romney fights to reform government, accelerate job growth and rein in the out-of-control spending that has been a hallmark of President Obama’s years in office. This courageous choice is the type of leadership American voters deserve. And, I believe it will ensure a victory for the Romney-Ryan ticket this November.”
And the response from Rubio:
“Throughout his life, Mitt Romney has made great decisions, and choosing Paul Ryan as his running mate is a truly inspired choice. I got to know Paul during my Senate campaign when he endorsed me early on when I was still considered a long shot. Paul Ryan is a courageous reformer who understands our nation’s challenges, has proposed bold policy solutions to solve them, and has shown the courage to stand up to President Obama and other Washington politicians trying to tear him down.
“The Romney-Ryan ticket is going to win in November because it offers the American people visionary leadership to recapture the free enterprise spirit that has empowered countless Americans to build businesses from scratch and live the American dream. I’m excited about the visionary change a Romney-Ryan team will bring to Washington, and I look forward to campaigning with them this fall.”
And here’s the response from Obama campaign manager Jim Messina:
“In naming Congressman Paul Ryan, Mitt Romney has chosen a leader of the House Republicans who shares his commitment to the flawed theory that new budget-busting tax cuts for the wealthy, while placing greater burdens on the middle class and seniors, will somehow deliver a stronger economy. The architect of the radical Republican House budget, Ryan, like Romney, proposed an additional $250,000 tax cut for millionaires, and deep cuts in education from Head Start to college aid. His plan also would end Medicare as we know it by turning it into a voucher system, shifting thousands of dollars in health care costs to seniors. As a member of Congress, Ryan rubber-stamped the reckless Bush economic policies that exploded our deficit and crashed our economy. Now the Romney-Ryan ticket would take us back by repeating the same, catastrophic mistakes.”
Romney/Ryan 2012 — yeah! zzzzz
(http://www.turboimagehost.com/p/12862411/Romney_2012-low.jpeg.html)
(http://www.turboimagehost.com/p/12862411/Romney_2012-low.jpeg.html)
Romney selected Ryan in large part for his fiscal savvy, the latter being the architect of the GOP’s master budget plan. So let’s take a look at their shared economic philosophy:
Fiscal conservatives such as Romney and Ryan are primarily interested in two outcomes:
1) Increasing the income divide between the wealthiest Americans and the rest of society
2) Increasing profit margins for corporations via lowered taxes and minimized environmental and workplace regulations
1) Increasing the income divide between the wealthiest Americans and the rest of society
2) Increasing profit margins for corporations via lowered taxes and minimized environmental and workplace regulations
Reducing unemployment is a secondary issue — if said corporations opt to use their increased profits to hire additional employees, that’s their prerogative.
Alas, historical evidence overwhelming demonstrates that increased corporate profits do not translate into increased hiring — increased demand for goods and services does.
And, of course, increased demand requires increased purchasing power by that subset of society which does the majority of the purchasing, i.e., the middle class.
And, of course, increased demand requires increased purchasing power by that subset of society which does the majority of the purchasing, i.e., the middle class.
And yet the budget plan championed by Romney and Ryan is designed to shift the federal tax burden further away from the ultra-wealthy toward the middle class. Go figure.
Furthermore, virtually every nonpartisan economist has confirmed that the Romney/Ryan budget plan contains impossible to attain, mutually-exclusive goals — cutting taxes on corporations and upper class Americans while simultaneously reducing the federal deficit. Must be the new math!
In addition, Ryan and his fellow health insurance lobby lackeys in the Republican Party have taken a “General MacArthur” approach to destroying our nation’s Medicare system. His plan will not make it immediately die — he simply wants it to slowly fade away.
… and with it the ability of future senior citizens to obtain affordable chronic condition treatment and preventative health care.
… and with it the ability of future senior citizens to obtain affordable chronic condition treatment and preventative health care.
Once again, the tea party tail wags the GOP dog … and the middle class gets stuck with cleaning up the lawn.
Posted by: RealConservative | Saturday, August 11, 2012 at 11:39 AM
Listen to Ryan and imagine Biden or even Obama sounding this smart. Ryan speaks facts not spin, how refreshing.
Uploaded by AmericanRoadmap on Feb 25, 2010
"I will not sign a plan that adds one dime to our deficits -- either now or in the future."
(Remarks by President Obama to a Joint Session of Congress, September 9, 2009)
This afternoon Budget Committee Ranking Member Ryan walked through why the bill put forward by Democrats FAILS the President's deficit test.
--
The Majority Leader said the bill scores as reducing deficit by $131 billion over the next 10 years.
First a little bit about CBO: I work with them every single day; very good people; great professionals. They do their jobs well. But their job is to score what is placed in front of them. And what has been placed in front of them is a bill that is fill of gimmicks and smoke and mirrors.
Now what do I mean when I say that?
First off, the bill has ten years of tax increases and ten years of Medicare cuts to pay for six years of spending. The true ten year cost when subsidies kick-in? $2.3 trillion.
The bill is full of gimmicks that more than erase the false claim of deficit reduction:
- $52 billion of savings is claimed by counting increased Social Security payroll revenues. These dollars are already claimed for future Social Security beneficiaries, and claiming to offset the cost of this bill either means were double-counting or were not going to pay Social Security benefits.
- $72 billion in savings is claimed from the CLASS Act long-term care insurance. These so-called savings are not offsets, but rather premiums collected to pay for future benefits. Senate Budget Committee Chairman Kent Conrad has called these savings, A ponzi scheme that would make Bernie Madoff proud.
Additionally, the nearly half-trillion dollars in Medicare cuts cannot be counted twice. Medicare is in dire need of reform in order to make certain that we can ensure health security for future seniors.
Using Medicare as a piggy bank, it raids a half trillion dollars from retirees health coverage to fund the creation of another open-ended health care entitlement.
The Presidents chief Medicare actuary says up to 20% of Medicare providers may go bankrupt or stop taking Medicare beneficiaries as a result. Millions of seniors who have chosen Medicare Advantage will lose the coverage they now enjoy.
Objections to the policy aside, you cannot use these savings twice to both extend the life of Medicare and to pay for other spending. The half-trillion dollars in Medicare cuts are either to extend the programs solvency or to reduce the cost of this deficit but not both as its authors claim.
When you strip away the double-counting of Medicare cuts, the so-called savings from Social Security payroll taxes and the CLASS Act, the deficit increases by $460 billion over first ten years and $1.4 trillion over second ten years.
Finally, one of the most expensive and most cynical of the gimmicks applies to Medicare physician payments, the so-called Doc Fix.
By your own estimate, the Doc Fix adds an additional $371 billion to the cost of health care reform. With the price tag beyond what most Americans could handle, the Majority decided to simply remove this costly provision and deal with it in a stand-alone bill.
Ignoring this additional cost does not remove it from the backs of taxpayers. Hiding spending doesnt reduce spending.
(Remarks by President Obama to a Joint Session of Congress, September 9, 2009)
This afternoon Budget Committee Ranking Member Ryan walked through why the bill put forward by Democrats FAILS the President's deficit test.
--
The Majority Leader said the bill scores as reducing deficit by $131 billion over the next 10 years.
First a little bit about CBO: I work with them every single day; very good people; great professionals. They do their jobs well. But their job is to score what is placed in front of them. And what has been placed in front of them is a bill that is fill of gimmicks and smoke and mirrors.
Now what do I mean when I say that?
First off, the bill has ten years of tax increases and ten years of Medicare cuts to pay for six years of spending. The true ten year cost when subsidies kick-in? $2.3 trillion.
The bill is full of gimmicks that more than erase the false claim of deficit reduction:
- $52 billion of savings is claimed by counting increased Social Security payroll revenues. These dollars are already claimed for future Social Security beneficiaries, and claiming to offset the cost of this bill either means were double-counting or were not going to pay Social Security benefits.
- $72 billion in savings is claimed from the CLASS Act long-term care insurance. These so-called savings are not offsets, but rather premiums collected to pay for future benefits. Senate Budget Committee Chairman Kent Conrad has called these savings, A ponzi scheme that would make Bernie Madoff proud.
Additionally, the nearly half-trillion dollars in Medicare cuts cannot be counted twice. Medicare is in dire need of reform in order to make certain that we can ensure health security for future seniors.
Using Medicare as a piggy bank, it raids a half trillion dollars from retirees health coverage to fund the creation of another open-ended health care entitlement.
The Presidents chief Medicare actuary says up to 20% of Medicare providers may go bankrupt or stop taking Medicare beneficiaries as a result. Millions of seniors who have chosen Medicare Advantage will lose the coverage they now enjoy.
Objections to the policy aside, you cannot use these savings twice to both extend the life of Medicare and to pay for other spending. The half-trillion dollars in Medicare cuts are either to extend the programs solvency or to reduce the cost of this deficit but not both as its authors claim.
When you strip away the double-counting of Medicare cuts, the so-called savings from Social Security payroll taxes and the CLASS Act, the deficit increases by $460 billion over first ten years and $1.4 trillion over second ten years.
Finally, one of the most expensive and most cynical of the gimmicks applies to Medicare physician payments, the so-called Doc Fix.
By your own estimate, the Doc Fix adds an additional $371 billion to the cost of health care reform. With the price tag beyond what most Americans could handle, the Majority decided to simply remove this costly provision and deal with it in a stand-alone bill.
Ignoring this additional cost does not remove it from the backs of taxpayers. Hiding spending doesnt reduce spending.
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