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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (119860)9/8/2012 2:21:37 PM
From: tejek  Respond to of 149317
 
I have stated the same thing over and over again. Ryan's plan bends the curve faster and farther than Obama's. I've provided proof of that, which you have not provided in your opposite claim.

Frankly, there is not a lot of difference in terms of end results........although Obama's plan is more cautious and takes longer to get to the same results. And I agree with that approach given how bad the economy has been and how weak Ryan's plan is on details:

6. Deficit: The budget deficit -- the difference between what the federal government currently spends and what it raises in tax revenue -- currently stands at about 7.8% of gross domestic product, or GDP.

Ryan's plan calls for the federal deficit to be reduced to 4% of GDP by 2014 and 0.9% by 2017. Obama's plan is slightly less aggressive, and calls for a reduction to 3.9% of GDP by 2014 and 3% by 2017.

dailyfinance.com

And what details we do know I mostly don't like:

Ryan’s policies.

What Paul Ryan’s budget actually cuts. “Ryan’s budget, recall, would raise $2 trillion less in tax revenue over the next decade than President Obama’s budget. Ryan’s plan would also spend $5.3 trillion less over that time. A big chunk of this is health care: Ryan would cut federal spending on Medicare and Medicaid for a portion of his savings. But he’d also spend $2.2 trillion less on everything else. So what, specifically, is Ryan planning to cut? (Or, alternatively, what is Obama planning to spend more on?)” Brad Plumer in The Washington Post.

@DKThomp: Reminder: Ryan cuts taxes by $10 trillion compared to current law over 10 yrs (Obama by about $4.5 trillion)

What Paul Ryan’s budget simply assumes. “CBO hasn’t looked at whether Ryan’s budget will achieve the results Ryan says it will. Rather, it looked at what will happen assuming Ryan’s budget achieves the results that Ryan says it will. On the third page, CBO writes, ‘Chairman Ryan and his staff specified rules by which revenues and spending would evolve.’ They then detail what those rules were.” Ezra Klein in The Washington Post.

@JimPethokoukis: Critics of Ryan budget should realize it uses declinist CBO growth assumptions. Ryan thinks we can do better, which we can

Ryan’s budget would almost zero our Mitt Romney’s tax liability. “Don’t believe it? Romney himself said so, just a few months ago. The Ryan plan..’promotes saving by eliminating taxes on interest, capital gains, and dividends; also eliminates the death tax.’ Mitt Romney’s income — more than $20 million each of the past two years — comes almost entirely from capital gains on his investments, or from ‘carried interest…if the capital gains was eliminated altogether? Well, let’s let Romney explain the result in his own words, as he did at an NBC primary debate in January…’Under that plan, I’d have paid no taxes in the last two years,’ Romney said, alluding to the fact that all his income is from investments.” Alec MacGillis in The New Republic.

Ryan is also a stringent social conservative. ”Though best known as an architect of conservative fiscal policy, Representative Paul D. Ryan has also been an ardent, unwavering foe of abortion rights, has tried to cut off federal money for family planning, has opposed same-sex marriage and has championed the rights of gun owners…In nearly 14 years as a Republican congressman from Wisconsin, Mr. Ryan has not only voted for legislation that would cut off federal money for Planned Parenthood and the Title X family planning program, but also backed bills to establish criminal penalties for certain doctors who perform the procedure known as partial-birth abortion. He is a co-sponsor of a bill that would define fetuses as people entitled to full legal protection, a proposal that has become the latest focus in the battles over abortion.” Robert Pear in The New York Times.

Paul Ryan isn’t a deficit hawk. He’s a conservative reformer. ”If you know about Paul Ryan at all, you probably know him as a deficit hawk. But Ryan has voted to increase deficits and expand government spending too many times for that to be his north star. Rather, the common thread throughout his career is his desire to remake the basic architecture of the the federal government.” Ezra Klein in The Washington Post.

washingtonpost.com



To: RetiredNow who wrote (119860)9/9/2012 11:11:59 AM
From: tejek  Read Replies (1) | Respond to of 149317
 
Ryan's plan bends the curve faster and farther than Obama's

I realized after we posted yesterday........why are we talking about Ryan's budget plan? He's not the top of the ticket. Romney is..........and his budget plan is far more onerous. He wants to add to the Bush tax cuts for the rich.........which will increase the deficit. And when asked how he will make up the loss of revenue, he says thru closing tax loopholes but he doesn't specify which tax loopholes.

This is the same BS we got under Bush but you are ready to vote for such crap again.