New Dem ad lies about GOP budget plan even though they don’t have a plan. Democrats have not had a budget in three years. There is NO Democrat plan to decrease the unsustainable debt increase which will be $16 TRILLION by election day. Yet Dems put out an ad lying about the Ryan plan even before it was introduced to the public.

 

Highlights of Paul Ryan’s Spending Plan

 

by Chris Edwards at Cato @ Liberty

 

House Budget Committee chairman Paul Ryan (R-WI) has introduced his annual budget blueprint. The plan will likely pass the House but won’t become law this year.

However, the plan signals the direction that House Republicans want to go in budget battles with the Democrats this year, and it also shows the likely thrust of policy under a possible Republican president next year.

Here are a few highlights:

• Total federal outlays would fall from $3,624 billion this year to $3,530 billion next year. Those figures are $24 billion less than under President Obama’s budget this year and $187 billion next year.
• Of the $187 billion savings compared to Obama next year, $38 billion would come from discretionary programs, $146 billion from so-called entitlements, and $3 billion from interest costs.
• Ryan’s proposed spending in 2022 of $4,888 billion would be a modest 13 percent less than Obama’s proposed spending that year. That’s a useful statistic to remember when you read the inevitable stories about how Ryan would slash, burn, and pillage the government safety net.
• Indeed, Ryan’s proposed increase in federal spending from $3,624 billion this year to $4,888 by 2022 represents fairly robust annual average growth of three percent.
• As a share of GDP, the Ryan budget would trim outlays from 23.4 percent this year to 19.8 percent by 2022. That reduction would simply get spending back to around the normal historical level. And note that spending would still be higher than the 18.2 percent achieved in the last two years under President Clinton.
• Ryan would repeal the 2010 health care law and reform Medicare by transitioning to a consumer-choice model. Those changes are expected to reduce annual outlays in 2022 by $258 billion.
• Perhaps a more important proposal is the block-granting of Medicaid and other entitlement programs such as food stamps. Those Ryan reforms would save $313 billion annually by 2022.
• Converting entitlements to block grants would allow the federal government to clamp down on federal costs while giving the states strong incentives to improve program efficiency.
• The Ryan budget does not propose Social Security reform. Paul Ryan favors major reforms to this program, but he apparently thinks that reforming health care and other entitlements is a higher priority right now.
• Aside from a few obvious targets—such as high-speed rail and the 2010 health care law—the Ryan budget shies away from abolishing specific programs, agencies, and departments.
• Too often the Ryan budget proposes to fix broken programs when the proper reform would be elimination. Ryan proposes to “consolidate” federal job-training programs, for example, but these programs have a history of failure over the last five decades. Furthermore, job training is not a proper federal role within the U.S. constitutional structure.

In sum, Ryan’s proposals would make modest reforms to the giant federal welfare state. By Washington standards the Ryan plan is bold, and Paul Ryan certainly deserves his reputation as the sharpest and most energetic budget reformer on Capitol Hill.

However, there is too much happy talk in the Ryan plan about how failed big-government programs can be made to work better, and not enough focus on terminating activities that are properly state, local, and private in nature.

P.S. I think my budget-cutting plan is a better one.

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“Blessed are the young, for they shall inherit the national debt.” – Herbert Hoover.

The per capita debt now is $44,000 which is worse than Greece. Obama’s budget would increase that to $75,000 per person over the next ten years. Every American’s share of debt up from $34,000 to over $50,000 under Obama. But the national debt is really $24 TRILLION when you count ALL the debt. No wonder 42% See U.S. Debt Default Somewhat Likely in Next 5 Years.

“Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” – Obama 2008

“We now have over $9 trillion of debt that we are going to have to pay back. $30,000 for every man woman and child! That’s irresponsible! It’s unpatriotic!” – Obama railing about debt in 2008

Obama pretends to care about the debt:

“Rather than fight the same tired battles that have dominated Washington for decades, its time to try something new. Let’s invest in our people without leaving them a mountain of debt.” – President Barack Obama on his Office of Management and Budget website.

 

Oops! Too late. 

 

Obama has fled to full time campaigning. He has failed to address the most pressing issue of our time. Consider these comments from the co-chairs of Obama’s own debt commission:

When asked why the markets haven’t reacted to the US being on the precipice of collapse, Erskine Bowles said its because the US economy is  “the best lookin’ horse in the glue factory.”

Alan Simpson (former senator from WY) and co-chair of Obama’s debt commission  said economic collapse will ‘be very swift and very dramatic’.

Obama totally ignored all of the recommendations of his own debt commission. He has piled up more debt than any other world leader in history.

Members of his own administration have warned that the national debt is the greatest threat facing our country:

Secretary of State Hillary Clinton told the Council on Foreign Relations that our national debt is a national security risk echoing previous statements by Joint Chiefs Chairman Admiral Mullen, head of U.S. intelligence – Dennis Blair, and all of America’s intelligence agencies.

Yet Obama barely mentioned the debt in his State of the Union speech. His Democrat Party controlled senate has failed to pass a budget in over 1,000 days. The national debt to GDP ratio is on par with bankrupt nations like Greece. The US debt will reach $16 TRILLION by election day and is projected to reach a catastrophic 185% of GDP by 2035.

Most people can’t even imagine how big a trillion is. “There are 10^11 stars in the galaxy. That used to be a huge number. But it’s only a hundred billion. It’s less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.” – Richard Feynman

One million seconds is about eleven and a half days. One billion seconds is about 32 years. One trillion seconds is 32,000 years.

If you started spending the day that Jesus was born and you spent a million dollars every single day you still would not have spent ONE trillion dollars by today.

This is the method of Marxism. Alan Greenspan warned us of this process:

“Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money,by issuing government bonds, to finance welfare expenditures on a large scale.” – Alan Greenspan

Obama knows this. His redistribution of the wealth ideology allows him to ignore debt. He believes only the “wealthy” will have to pay back the massive deficit spending. He is ignorant of the catastrophic consequences of a collapse of the currency.

Our Founding Fathers warned us that public debt would make us slaves to the government:

“We must not let our rulers load us with perpetual debt. We must make our election between economy and liberty or profusion and servitude.
If we run into such debt, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our calling and our creeds… [we will] have no time to think, no means of calling our miss-managers to account but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow sufferers… And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for [another]… till the bulk of society is reduced to be mere automatons of misery… And the fore-horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.” – (Thomas Jefferson in a letter to Samuel Kercheval, July 12, 1816

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