Ryan's Big Deception a #GOP Play on America

 Article named "The Ryan Budget's Radical Priorities
Provides Largest Tax Cuts in History for Wealthy, Raises Middle Class Taxes, Ends Guaranteed Medicare, Privatizes Social Security, Erodes Health Care"

A Quote from the Center on Budget and Policy Priorities

"Using TPC’s new revenue estimates, we estimate that the budget deficit under the Ryan plan would reach about 7 percent of GDP and the debt would grow to 90 percent of GDP by 2020. TPC estimates that revenues under the Ryan plan would average 16.3 percent of GDP over the period from 2011 through 2020.

In contrast, following the specifications provided by Rep. Ryan’s staff, the CBO analysis assumed that revenues over the same period would average 18.4 percent of GDP. That difference amounts to a loss of almost $4 trillion in revenues over the next decade. As a result of these lower revenues, federal interest costs would also be much higher than those shown in the CBO analysis.

Extrapolating TPC’s revenue estimates beyond 2020 shows that the Ryan plan would fail to stem the rising tide of debt for years to come. [5] The debt would continue to grow in relation to the size of the economy for at least 40 more years — reaching over 175 percent of GDP by 2050. (See Figure 1.) Even by 2080, the debt would still equal about 100 percent of GDP. [6]"

Strip Away all the "Euphemisms" and read the paragraph titles below for a sound understanding of the GP playbook for America.

• Reports of Plan’s Fiscal Soundness Rest on Misunderstanding of CBO Analysis

• Radical Changes in Health Coverage

• Sweeping Changes in Social Security

• Cutting Taxes for the Wealthy While Raising Taxes for the Middle Class

• Failing to Avert the Rise in Debt

• Eroding Employer-Sponsored Health Coverage

• Plan Lacks Adequate Reforms for Private Insurance Markets

• Expansion of High-Risk Pools Unlikely to Have Much Impact

• Exchanges Would Be Too Weak to Keep Premiums Affordable

• Ending Medicare As We Know It

• Abolishing Medicaid and the Children’s Health Insurance Program

• Privatizing Social Security

• Risking Costly New Federal Bailouts

• Incentives for People to Elect Privatization, at the Treasury’s Expense

• Limiting Other Federal Spending

 

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