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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Fury on March 20, 2012, 08:38:16 AM
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Ryan budget to cut $5.3 trillion in spending over next decade
House Republicans released an election-year budget on Tuesday that they said would cut $5.3 trillion in spending over the next decade compared to President Obama’s budget while slashing tax rates for households and businesses.
The blueprint from House Budget Committee Chairman Paul Ryan (R-Wis.) would collapse the tax code from six individual tax brackets into a 25 percent top rate and a 10 percent lower rate, significantly cutting taxes and reducing revenue to the government by $4 trillion over the next decade.
The tax plan also eliminates the Alternative Minimum Tax, cuts the 35 percent corporate rate to 25 percent and eliminates taxes on foreign profits.
It would increase defense spending compared to Obama’s budget and includes a mechanism to avoid automatic spending cuts next year that were triggered by the supercommittee’s failure to reach a deficit-cutting deal.
Ryan would also reform Medicare with a new plan that would provide future seniors with subsidies to use for Medicare or private insurance.
Ryan estimates his budget would reduce next year’s deficit to $797 billion, a lower figure than the $977 billion deficit the Congressional Budget Office estimates would result from President Obama’s budget.
He also estimates it would reduce deficits over the next decade by $3.3 trillion more than the Obama budget.
The proposal dovetails with plans from some of the GOP presidential candidates, and Ryan framed his work as an effort to end the debt crisis while retaining economic growth.
“The core idea is that we want to get ahead of this debt crisis,” Ryan said Tuesday morning on CBS.
“We want to take all of the empty promises that our government is making and mak[e] sure that they’re not broken promises,” he said. “We want to save Medicare from bankruptcy, we want to put our debt on a pathway to balance and to pay off the debt and we want to get our economy going again.”
However, it is difficult to determine just how the Ryan budget would reduce deficits given a lack of details in the tax section. Republicans don’t say on what income levels the new tax rates would be applied, and the budget doesn’t include specifics on the tax loopholes that would be culled from the code as part of a reform of the tax code.
A side-by-side comparison with a CBO budget baseline set to current law suggests the Ryan budget would raise deficits by $240 billion over 10 years. That CBO baseline anticipates the Bush-era tax rates would expire as scheduled at the end of the year and that Congress would allow a scheduled cut in Medicare payments.
Democrats, who for much of the last year have pressed Republicans to raise taxes on wealthier households, criticized the Ryan plan as a handout to millionaires.
"This is the same plan as last year, warmed over," House Budget Committee ranking member Chris Van Hollen (D-Md.) told The Hill on Tuesday. "It is a big tax break for millionaires at the expense of benefits for the middle class."
While Ryan would cut domestic discretionary spending, he would increase the 2013 defense budget from $546 billion to $554 billion.
Ryan’s budget would shield the Pentagon from $500 billion in cuts triggered by the supercommittee failure while rolling back the $487 billion in defense cuts planned over the next 10 years by Obama, whom Ryan argues is funding favored domestic programs at the expense of national security.
“Rather than choosing to lead by addressing the fundamental drivers of near‐ and long-term deficits and debt, the president has defaulted to slashing the defense budget. The unmistakable fact is that the president has chosen to subordinate national-security strategy to his other spending priorities,” Ryan’s budget states.
The increase in defense spending was key to sealing a deal with appropriators on the Budget panel who had wanted to keep the August debt-ceiling level of $1.047 trillion.
Rep. Tom Cole (R-Okla.), one of three appropriators on the Budget Committee, told The Hill on Tuesday that he agreed to a new top-line number of $1.028 trillion after $200 billion was added to the Pentagon's budget over 10 years.
"I think it's a compromise," he said. "So you give a little bit, and you get something back."
He said Democratic charges that rewriting the August debt deal could lead to a government shutdown later this year are "nonsense" and "political theater."
The Ryan budget turns off an initial $97 billion in automatic supercommittee-triggered cuts scheduled to begin in January.
It puts $20 billion of the cuts into the 2013 spending cap, bringing that cap down from the August debt deal's $1.047 trillion figure. Ryan’s budget then instructs six committees to find $261 billion in replacement savings over 10 years, and $18 billion in savings in the next year alone.
The instructions come under the umbrella of budget reconciliation, a fast-track procedure that could help Congress find a quick way to avoid the automatic cuts. The Ryan plan deals with these cuts by changing the caps on future discretionary spending and capping mandatory spending.
Some House conservatives were already grumbling about this reconciliation compromise on Monday evening. They had preferred to keep the cuts up front by capping 2013 spending at $950 billion or even $931 billion, rather than have committees find savings.
A tighter spending cap on 2013 appropriations could have forced action this year since spending bills eventually have to be passed based on the House budget. Passage of the reconciliation savings is more hypothetical since budget reconciliation would require the Senate to do a budget this year, something Senate Democrats say is unnecessary.
The Ryan plan, similar to last year, does not balance the budget until nearly 2040, something that could lead to criticism from conservatives. The Club for Growth has demanded a blueprint to balance the budget in 10 years.
The Ryan plan's reconciliation instructions contain suggestions for the committees on where to find savings, such as by cutting the federal workforce and freezing salaries through 2015. The plan calls for $30 billion in farm subsidy cuts, more than the $24 billion rural lawmakers are comfortable with but slightly less than Obama has called for.
As expected, the new Ryan budget offers a modified version of the controversial Medicare plan from last year. Whereas last year's plan moved all future seniors into a privatized system, where the government subsidized premium payments, the current plan keeps traditional Medicare as an option. It also has new protections for low-income seniors and restrictions that could keep the traditional plan from being saddled with only the sickest patients.
It is based on a models developed by Ryan and Sen. Ron Wyden (D-Ore.) and long championed by Budget Committee member Rep. Tom Price (R-Ga.).
Despite Wyden's support, Democrats are already pouncing on the new Medicare proposal. A protest is planned by seniors groups at a Tuesday morning speech by Ryan at the American Enterprise Institute.
Similar to last year, the new plan cuts spending on Medicaid and food stamps by converting the programs into block grants at the state level. It calls on Congress and the president to develop a way to keep Social Security solvent, but does not back a particular approach.
The plan would repeal Obama's healthcare reform and financial reforms and lift restrictions on oil and gas exploration. Throughout the plan, Ryan paints Obama as a crony capitalist, handing out corporate welfare to the likes of companies such as failed solar energy firm Solyndra.
Democrats will attack the budget this week as an attempt to cut benefits for the poor and elderly while ensuring millionaires do not face tax increases.
Ryan, in contrast, frames his budget as an attempt to liberate Americans from a strangling bureaucracy.
“This budget serves as a blueprint for American renewal. Its principled reforms empower individuals with greater control over their futures,” Ryan writes.
http://thehill.com/blogs/on-the-money/budget/216897-paul-ryan-2013-budget-plan
Compare and contrast this with the Usurper's budget. Bad versus worse.
"Now we get the listen to all the bleeding heart liberals, welfare & bailout advocates, and those with runaway wealth anxiety & guilt pontificate on how Rep. Ryan's plan will throw granny off the cliff."
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Lol, the Usurper and budget, funny joke. :D
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Lol, the Usurper and budget, funny joke. :D
0 -97 !
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Lol, the Usurper and budget, funny joke. :D
According to ZeroHedge, the first time Ryan's budget will run a surplus is 2040. I wonder where that puts the Usurper's at (when all the lies and accounting gimmicks are removed)? 2280?
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Well, we know the Usurper like to pay for 6 years of spending with 10 years of revenue, so Id say we'd run a surplus around 2990'never.
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Watch and see if Santorum and Mitt support this plan.
my belief is that they'll call it bold and a good step, but won't say "I endorse this plan and will implement as prez".
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Watch and see if Santorum and Mitt support this plan.
my belief is that they'll call it bold and a good step, but won't say "I endorse this plan and will implement as prez".
Romney already said he supported Ryans' Medicare plan.
N E X T
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Romney already said he supported Ryans' Medicare plan.
N E X T
Oh, i didn't know the medicare plan and this budget were the exact same thing.
I guess since Bush supported invading iraq, he must also support firing nukes at the moon to take that bitch out.
I mean, we can always safely assume that if you support one thing, you'll obviously support another thing in the future.
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Oh, i didn't know the medicare plan and this budget were the exact same thing.
I guess since Bush supported invading iraq, he must also support firing nukes at the moon to take that bitch out.
I mean, we can always safely assume that if you support one thing, you'll obviously support another thing in the future.
::) ::) ::)
Stop trying to divert attention from the fact that Paul Ryan is one of the only people putting out serious attempts to fix the mess while your lord holy messiah is nuking our nation into the ground.
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::) ::) ::)
Stop trying to divert attention from the fact that Paul Ryan is one of the only people putting out serious attempts to fix the mess while your lord holy messiah is nuking our nation into the ground.
I didn't say PRyan wasn't doing that. I didn't say that at all. I made no judgment of this plan.
My only prediction, analysis, judgment, or anything, was that I believe the two spineless GOPers running will do everything they can do avoid committing to this bill.
Maybe i'll be right, maybe I'm wrong. But I never attacked ryan. You're yet to explain "N E X T" why Romney supporting the medicare bill will translate into auto-approval of this bill?
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I didn't say PRyan wasn't doing that. I didn't say that at all. I made no judgment of this plan.
My only prediction, analysis, judgment, or anything, was that I believe the two spineless GOPers running will do everything they can do avoid committing to this bill.
Maybe i'll be right, maybe I'm wrong. But I never attacked ryan. You're yet to explain "N E X T" why Romney supporting the medicare bill will translate into auto-approval of this bill?
Romney would sign it if it passed the house, the issue is the senate run by that corrupt disgusting leech Harry Reid
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Romney would sign it if it passed the house, the issue is the senate run by that corrupt disgusting leech Harry Reid
"Romney would........" is all fine and dandy for some hypothetical 2013 legisltative happenstance.
I'd like to see if he endorses the bill on 3/20/2012. Or if he and santorum compliment it but waffle and dodge the endorsement. Maybe they won't. But methinks you'll take any kind word from them about it, as a total endorsement. Then, when they try to appeal to mainstream voters in Oct 2012, they'll remind us they never actually endorsed it...
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"Romney would........" is all fine and dandy for some hypothetical 2013 legisltative happenstance.
I'd like to see if he endorses the bill on 3/20/2012. Or if he and santorum compliment it but waffle and dodge the endorsement. Maybe they won't. But methinks you'll take any kind word from them about it, as a total endorsement. Then, when they try to appeal to mainstream voters in Oct 2012, they'll remind us they never actually endorsed it...
Where is Obama's plan to look at?
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Where is Obama's plan to look at?
your point that 'obama sucks because he doesn't have his own plan' is somethign I agree with - but it's also a dodge to avoid the point I brought up.
I'll be very proud of santorum and mittens if they step right up and ENDORSE this bill. Not the nonsense like "i haven't had a chance to look at it yet, but I admire Paul Ryan for..." and deliver that line for a few weeks. Face it, Paul Ryan is one of the top 5 voices in the GOP. This plan is bold and revolutionary. It should be exactly what every candidate is reading RIGHT NOW - and getting on record.
Me, I'm just curious about if they'll sack up and endorse it. You - sounds like you would rather talk about obama or some unrelated medicare bill endorsement, sweet.
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Another GOP budget gimmick? Please, haven't we had enough already?
The GOP Establishment needs to get on board with Sen. Rand Paul's plan (http://www.randpaul2010.com/2012/03/senator-paul-unveils-fy2013-budget-a-platform-to-revitalize-america/) to balance the budget in five years.
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Ryan's plan "cuts the 35 percent corporate rate to 25 percent and eliminates taxes on foreign profits."
Wow, isn't that a major incentive to take american jobs to other countries? You get taxed on american profits, but not if you move the jobs overseas?
Is that how it works?
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Ryan's plan "cuts the 35 percent corporate rate to 25 percent and eliminates taxes on foreign profits."
Wow, isn't that a major incentive to take american jobs to other countries? You get taxed on american profits, but not if you move the jobs overseas?
Is that how it works?
No. The way it works now, if you get taxed at a lower rate in a foreign country and you keep your money there, then you don't get slapped with a higher US corporate tax. BUT if you bring your money back to the US, you have to pay a higher tax.
Obama's plan calls for taxing overseas profits at the same rate as domestic profits, even though that would make US business uncompetitive against foreign businesses.
The only sane option is to lower rates in the US while allowing US companies to bring back foreign profits without an additional tax. That encourages investment in the US while making US businesses competitive with foreign businesses.
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your point that 'obama sucks because he doesn't have his own plan' is somethign I agree with - but it's also a dodge to avoid the point I brought up.
I'll be very proud of santorum and mittens if they step right up and ENDORSE this bill. Not the nonsense like "i haven't had a chance to look at it yet, but I admire Paul Ryan for..." and deliver that line for a few weeks. Face it, Paul Ryan is one of the top 5 voices in the GOP. This plan is bold and revolutionary. It should be exactly what every candidate is reading RIGHT NOW - and getting on record.
Me, I'm just curious about if they'll sack up and endorse it. You - sounds like you would rather talk about obama or some unrelated medicare bill endorsement, sweet.
There's nothing "revolutionary" about Paul Ryan's budget gimmick. All it does is marginally cut baseline budget spending. It's time Washington, DC actually CUT spending, not slowed the growth of spending.
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At least there's a plan. The only thing Obama has is....poking holes at the Repubs..he has nothing else. He'll give some smary speech like he did on oil and that will serve as his response. Whether its Rand Paul's or Ryans....its a plan and a fix.....douchbag has nothing...no plan at all.
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There's nothing "revolutionary" about Paul Ryan's budget gimmick. All it does is marginally cut baseline budget spending. It's time Washington, DC actually CUT spending, not slowed the growth of spending.
what about the privitazation of medicare? "Ryan would also reform Medicare with a new plan that would provide future seniors with subsidies to use for Medicare or private insurance."
I hate the idea of subsidies - cause all it takes is for hospitals to raise prices, and those subsidies dry up in a week. THe current system sucks, but I dont like subsidies as the answer.
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what about the privitazation of medicare? "Ryan would also reform Medicare with a new plan that would provide future seniors with subsidies to use for Medicare or private insurance."
I hate the idea of subsidies - cause all it takes is for hospitals to raise prices, and those subsidies dry up in a week. THe current system sucks, but I dont like subsidies as the answer.
And does that actually cut any spending? Nope. It simply slows the growth of Medicare spending.
And BTW, the idea to transfer Medicare to a voucher system isn't all that bad. That would expand doctor availability for seniors, since right now most doctors don't accept Medicare because it doesn't compensate enough. The problem with Paul Ryan's plan isn't this Medicare reform in and of itself, the problem with his plan is that it continues to grow spending elsewhere while failing to make any REAL cuts.
Sen. Rand Paul's plan does actually cut spending, reform Medicare and Social Security, and balance the budget in five years. Paul Ryan's plan just blows a hole through the budget for the next few decades.
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what is the primary criticism of Rand's plan? and while i dislike hooking up corporations so much - we all know they outsourced like a mofo during all the bush years when they had slashed tax rates - I like the fact he's putting a plan out there.
Still no endorsement from mittens or santorum yet. weird.
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At least there's a plan. The only thing Obama has is....poking holes at the Repubs..he has nothing else. He'll give some smary speech like he did on oil and that will serve as his response. Whether its Rand Paul's or Ryans....its a plan and a fix.....douchbag has nothing...no plan at all.
Obama has a plan too. And I have news for you: Both Obama's and Ryan's plan leave huge budget deficits for decades to come.
The only REAL alternatives right now are:
1) Sen. Rand Paul's plan to balance the budget in five years.
and
2) Ron Paul's plan to balance the budget in four years.
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what is the primary criticism of Rand's plan?
It actually makes the difficult decisions to balance the budget.
and while i dislike hooking up corporations so much - we all know they outsourced like a mofo during all the bush years when they had slashed tax rates - I like the fact he's putting a plan out there.
Corporate tax rates weren't lowered during the Bush years.
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It actually makes the difficult decisions to balance the budget.
Corporate tax rates weren't lowered during the Bush years.
Good call, Hroark...facts can be a scary thing indeed.
B
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Anything would be better than whats going on now.
While Ron and Rand have the ideal plans, Ive given up on D.C. doing anything that the Paul's propose, they just refuse to deal with the pain of not being able to spend on whatever they want.
If we cant have the Paul's plans, Id take this one in a second over the crapfest we have now.
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good luck convincing seniors (or future seniors) on the idea of "subsidies to use for Medicare or private insurance"
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good luck convincing seniors (or future seniors) on the idea of "subsidies to use for Medicare or private insurance"
As if one downgrade is not enough to convince you we are on a path to implosion moron?
what is obamas' plan?
Oh thats right - an IPAB board where we can tell seniors to take apain pill and die in the night.
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As if one downgrade is not enough to convince you we are on a path to implosion moron?
what is obamas' plan?
Oh thats right - an IPAB board where we can tell seniors to take apain pill and die in the night.
like I said
good luck selling it to seniors
I'm sure the 80 year old Alzheimers patient will not mind having a voucher/coupon to shop around for private insurance
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like I said
good luck selling it to seniors
I'm sure the 80 year old Alzheimers patient will not mind having a voucher/coupon to shop around for private insurance
His plan does not apply to those like that. any obama already cut 500 billion of out of medicare and set up a death panel - so the boy wonder obama is again on thin ice casting stones.
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Got to laugh at people defending Obama's plan to add trillions upon trillions upon trillions in new debt to an already bankrupt country. What a riot.
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Got to laugh at people defending Obama's plan to add trillions upon trillions upon trillions in new debt to an already bankrupt country. What a riot.
you're not exactly a math guy are you?
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you're not exactly a math guy are you?
More debt in Obama's three years and the 8 of the bush years combined.
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you're not exactly a math guy are you?
Obama's budget will add trillions in debt over the coming decades. You're not exactly a 'math guy', are you? We all know you live in a little Bay area bubble but I didn't know you were mentally handicapped, to boot.
Carry on with playing word games as it's all you really have at this point. :-\
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More debt in Obama's three years and the 8 of the bush years combined.
only true if you ignore the FACT of the accumulated debt and required interest payments on that debt which were due to prior administrations
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only true if you ignore the FACT of the accumulated debt and required interest payments on that debt which were due to prior administrations
Yeah whatever - remind me again of obama's attempts at lowering the deficit and debt?
Simpson Bowles? FAIL
Deficit Deal w Boehner - FAIL
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Yeah whatever - remind me again of obama's attempts at lowering the deficit and debt?
Simpson Bowles? FAIL
Deficit Deal w Boehner - FAIL
If Obama had embraced Simpson-Bowles I think he'd probably be a shoo-in for reelection. Instead he's on his way to getting bounced out on his ass. Ha ha. Serves that narcissistic c*nt right.
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Yeah whatever - remind me again of obama's attempts at lowering the deficit and debt?
Simpson Bowles? FAIL
Deficit Deal w Boehner - FAIL
doesn't change the fact the debt and debt payments are mostly an accumulation of other POTUS's
I know that's a buzz kill for you but it's still a fact (not that you know what the definition of that word even is)
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:-\ so he done zero to fix the mess correct?
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:-\ so he done zero to fix the mess correct?
the mess meaning the debt racked up by prior POTUS and the economic meltdown he was handed by Bush ?
I would say incorrect
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::) ::) ::)
Stop trying to divert attention from the fact that Paul Ryan is one of the only people putting out serious attempts to fix the mess while your lord holy messiah is nuking our nation into the ground.
Yeah he is a real hero that Paul Ryan ::)
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More debt in Obama's three years and the 8 of the bush years combined.
Yeah we had it so much better in 2008 ::)
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:-\ so he done zero to fix the mess correct?
He hasnt done shit. He is not a good pres. He is a corrupt piece of shit.
But he is still a hell of a lot better than the alternative.
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By ALEXANDER BURNS |
3/20/12 5:00 PM EDT
At a campaign event in Chicago, he gives a big thumbs-up to Paul Ryan's budget plan:
I'm very supportive of the Ryan budget plan. It's a bold and exciting effort on his part and on the part of the Republicans and it's very much consistent with what I put out earlier. I think it's amazing that we have a president who three and a half years in still hasn't put a proposal out that deals with entitlements. This president's dealing with entitlement reform -- excuse me -- this budget deals with entitlement reform, tax policy, which as you know is very similar to the one that I put out and efforts to reign in excessive spending. I applaud it. It's an excellent piece of work and very much needed.
That first sentence is equally true if you replace "a big thumbs-up to Paul Ryan's budget plan" with "a gift-wrapped entitlements attack to his eager Democratic opponents."
politico.com
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Yeah whatever - remind me again of obama's attempts at lowering the deficit and debt?
Simpson Bowles? FAIL
Deficit Deal w Boehner - FAIL
Not starting any wars/invasions helps a lot haha
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Not starting any wars/invasions helps a lot haha
Egypt , ye,en, lybia
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Egypt , ye,en, lybia
How many american soldiers have died in Egypt, Yemen etc..? :)
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:)
How many american soldiers have died in Egypt, Yemen etc..? :)
Whatever douche. 90 percent of our deaths in afghanistan are in the last three years alone. Try to polish that turd.
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only true if you ignore the FACT of the accumulated debt and required interest payments on that debt which were due to prior administrations
Got any numbers for that? For the record, I am aware of debt interest and such but you are making it seem like Obama has been running a balanced budget for the past 3 years and it's just "the other guys fault".
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Got any numbers for that? For the record, I am aware of debt interest and such but you are making it seem like Obama has been running a balanced budget for the past 3 years and it's just "the other guys fault".
Obama: "Vote for me and i will spend the next 4 years still blaming the other guy while the mess gets worse"
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:)
Whatever douche. 90 percent of our deaths in afghanistan are in the last three years alone. Try to polish that turd.
Unlike you i have evolved where i can have several different emotions and stances on different issues. Unlike you who need put everything in a box so it fits your one-dimentional way of looking at things.
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Unlike you i have evolved where i can have several different emotions and stances on different issues. Unlike you who need put everything in a box so it fits your one-dimentional way of looking at things.
Yeah whatever tool. anyone who claims to be a ron paul supporter and also shills for obama doing things ron paul is 1000000000000000% against needs a rubber room.
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Yeah whatever tool. anyone who claims to be a ron paul supporter and also shills for obama doing things ron paul is 1000000000000000% against needs a rubber room.
Case in point.
You are involved in politics because you need a team to support. It makes you feel like you have a mission and a purpose. A man with your mental capacity should go watch a football match instead.
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Anything would be better than whats going on now.
While Ron and Rand have the ideal plans, Ive given up on D.C. doing anything that the Paul's propose, they just refuse to deal with the pain of not being able to spend on whatever they want.
If we cant have the Paul's plans, Id take this one in a second over the crapfest we have now.
Exactly. They have to deal with political realities. Paul's plan will go absolutely nowhere.
Ryan's plan may actually stand a chance (with some changes) - though it wouldn't surprise me if the Senate torpedoes it.