Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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From: Kenneth E. Phillipps	8/14/2012 10:49:35 AM
	1 Recommendation Read Replies (6) of 224749

Here are the highlights of Ryan's budget. •Spending. Discretionary spending (FBI, FDA, education, health care, veterans, NASA, etc.) will be cut by 50% •Taxes. Two brackets created: 10% and 25%, corporate tax cut from 35% to 25%, alternate minimum tax repealed •Medicare. Abolished in current form. Seniors get vouchers to buy private insurance if they can •Medicaid. This health-care program for the poor would be turned into block grants to states to use as they wished •Food. Food stamps would be turned into block grants to states. Price supports for farmers would be reduced. In short, the budget decimates just about everything except defense, social security, and interest payments in order to cut the top marginal tax rate. The budget has been called a fantasy by none other than David Stockman who can hardly be labeled a liberal. He ran the budget office for President Ronald Reagan and knows a thing or two about the conservative approach to the federal budget. electoral-vote.com

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