Paul Ryan budget deal begs question: Why Republicans?

Paul Ryan budget deal begs question: Why Republicans?

Paul RyanJanuary will begin in earnest the California mid-term election cycle. Although Gov. Jerry Brown’s seat likely is secure, assuming he’s running for re-election, Republicans hope to gain seats in the California Legislature and in California’s delegation to the U.S. House of Representatives. (No state U.S. Senate seat is up.)

But Rep. Paul Ryan, R-Wisc., just cooked up a budget deal that begs the question: Why Republicans? Here are the specifics on the budget “cuts”:

Mr. Ryan, at a joint news conference with Sen. Patty Murray, Washington Democrat, said the spending plan calls for reducing the deficit by $23 billion over 10 years without raising taxes.”

That’s a reduction of $2.3 billion a year, assuming a future Congress doesn’t reverse it. Which is out of a federal budget estimated to spend $3.8 trillion. So the “cuts” are less than 1 percent. Not increasing taxes is fine. But a future Congress could reverse that, and increase taxes.

More:

“The Wisconsin Republican, the House’s chief budget writer, said the deal would reverse about $65 billion in previously agreed-upon automatic spending cuts to the military and other government programs.

So, spending also will rise by $6.5 billion a year. Of course, in Congress Math, an automatic rise is not a rise, only reversing a “cut.”

But if we use regular math and subtract the $2.3 billion in apparent cuts from the $6.5 billion in increases, we get $4.1 billion in increases every year.

President Obama praised the Ryan-Murray proposal:

“Earlier this year, I called on Congress to work together on a balanced approach to a budget that grows our economy faster and creates more jobs — not through aimless, reckless spending cuts that harm our economy now, but by making sure we can afford to invest in the things that have always grown our economy and strengthened our middle class. Today’s bipartisan budget agreement is a good first step.”

Is he serious about “aimless, reckless spending cuts”? Too bad he didn’t spend any time in the military — I spent four years in the U.S. Army — he would have seen waste beyond his wildest dreams. Shaving a couple billion of Pentagon bloat wouldn’t damage defending the country at all, and actually would improve it by helping put the country on a sounder financial footing.

In the background of this debate remains the nagging of Prof. Laurence Kotlikoff of Boston University, who tallies the federal government’s unfunded liabilities — for Social Security, Medicare, federal pensions, military pension and medical care, etc. — at $222 trillion.

Paul Ryan, of course, is running for president. Although it’s hard to see how the Tea Party favorite will maintain that position by crafting a budget deal attractive to the president that Ryan, as a vice presidential candidate last year, opposed.

For Republican voters, it’s another case of their leaders selling them out.

Why Republicans?

 

10 comments

Write a comment
  1. Queeg
    Queeg 12 December, 2013, 09:28

    Ryan is the poster boy for pseudo conservatism….could you imagine this guy being President?

    When massive inflation occurs hold no dollars…..or you will be in poverty!

    Hard assets will put gruel on the table….

    Reply this comment
  2. Dyspeptic
    Dyspeptic 12 December, 2013, 09:29

    Ryan is a complete fiscal fraud. He let the cat out of the bag weeks ago when he told a reporter that there would not be another government shut down. Since risking a shutdown is the only negotiating tactic Republicans have, giving that up means giving up any negotiating leverage. Without negotiating leverage the gutless Republicans can only capitulate, which is exactly what they have done.

    The Republican Party Establishment propaganda on this is that we should vote them control of the Senate and White House and then we will see real budget restraint. What a complete crock! They had that kind of control from 2001-2006 and went on a spending spree, adding trillions to the national debt and recklessly starting the perpetual War On Terror.

    Republicans, what are they good for? Nothing!

    Tweedledum vs. Tweedledee, who cares. There is no point in choosing between The Evil Party and The Stupid Party.

    Reply this comment
  3. Ted Steele, CEO
    Ted Steele, CEO 12 December, 2013, 10:51

    Rand Paul and the other far right whack squad—- Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

    Reply this comment
  4. LetitCollapse
    LetitCollapse 12 December, 2013, 11:23

    This is just another shining example of one-party rule in America. You have so-called fiscal conservative republicans who promote stimulating the economy through unprecedented debt financing and then you have pols like Obama who campaigned for office as a ‘war dove’ who is negotiating a deal to keep US forces in Afghanistan through 2024 and beyond, who attacked Libya with a billion dollar arsenal of US made weapons and who tried to sell US military involvement (aiding jihad terrorist rebels) in Syria until Putin backed him down. lol. The bottom line is that you simply can’t trust or believe anyone running for office today. The best liar wins.

    Once again, the budget agreement substantiates my claim that the routine political game strategy is for the dems to drive the ball deep into the red zone – and then for the republicans carry the ball into the end zone for the touchdown. They wear different jerseys. But all play on the same team. Obama is the QB. Boehner and Ryan are his back-ups.

    In any sane and just society deficit spending and unsecured credit creation (QE) would be violations of the law and result in felony indictments because, quite literally, it is grand theft from the citizens and a main driver for income inequality (when cost of living rises and wages remain stagnant).

    Occasionally I shop at the stores that are supposed to sell goods for a dollar or less. At least that’s what their store names imply. Over the last 18 months I’ve noticed that many of the cans and jars which contain food have literally shrunk by 50%. Eggs are no longer a dollar. They charge $1.79 for a dozen, which contradicts the implication in the store names. Grapes and bananas are no longer a dollar for a nice sized bag or bundle. Now they charge by the pound ($0.49) so the $1 bag of grapes now costs about $1.75. Many long-standing food items have been discontinued, likely because with shrinking margins they can’t possibly price them at a dollar or less anymore.

    Folks, that is a sign of rapid inflation pure and simple, regardless of what the gov’s CPI tells you. Inflation driven by deficit spending upwards of a trillion dollars and QE to the tune of $400 billion dollars a year. And who does it hurt? Well, mostly it hurts those making low wages who have to stretch their dollar further to afford to buy food and eat. In other words, it results in ‘income inequality’, that Obama claims he he wants to eliminate when his policies are, in fact, causing it!!!

    No idea why the young people aren’t in the streets protesting over this. The debt bomb is being dropped on their generations by the grey-haired overlords in Congress. These debt financing and unbacked credit creation policies are literally going to destroy their economic futures. I have spoken to many young people about it and they appear oblivious and apathetic to the problem. Whatever. It’s their future. All I can do is warn them.

    Reply this comment
  5. LetitCollapse
    LetitCollapse 12 December, 2013, 13:03

    You know, it’s uncanny how American society and our people have changed over the last couple generations. It was so very important for those in the Great Depression era to leave a better life for their children’s and grandchildren’s generations. They sacrificed greatly to do it. And they did it. Most of the office holders in Congress today benefitted greatly because of the sacrifices made by the Great Depression generation.

    One would think that the moral character and selflessness demonstrated by the Great Depression generation would have rubbed off on those in Congress today. But quite the opposite is true. The baby boomers turned out to be the most selfish and greedy and self-absorbed generation in the history of the nation. Whatever moral code existed a few generations ago is pretty much gone. Just look at all the scandals in our highest institutions that are a direct reflection of what our society represents. The political system, government, the churches, the justice system, Wall Street, the educational system, etc… Just stand back for a minute and objectively examine the moral and social deterioration of these institutions over the last 60 years. Only the insiders would tell you that all is well. An objective analysis says the opposite.

    So today they pile debt on top of debt knowing full well that the young people are going to suffer on account of it. Effectively, the sins (greed) of the old folks are being transferred down to the young people who will have to pay dearly as a result. And, as evidenced by this latest budget agreement, the sinners couldn’t care less. Instead of giving the younger generations a hand-up like their mothers and fathers did for them, they are setting the kids up for failure. Repulsive.

    The negative change in generational attitudes is nothing short of remarkable. I guess that’s the price we pay for prosperity. There is nothing that sets a nation back as far in civilization as prosperity.

    Reply this comment
  6. LetitCollapse
    LetitCollapse 12 December, 2013, 13:49

    Paul Ryan looks so innocent with his baby blues, doesn’t he? lol. I wonder if those are fake color lenses?

    Doesn’t Ryan pass himself off as being a “Tea Party” candidate? lol. He’s really throwing the tea overboard, isn’t he? lol. No. He’s throwing the young people under the bus!

    Do you know that over a dozen of the “Tea Party” candidates elected to Congress in 2010 were taking money from the ‘Too Big To Fails’ within a year of taking office? lol. The mainstream republicans bought them out!!! lol.

    And you think you have an adversarial political system in America? lol.

    http://thinkprogress.org/economy/2012/05/21/484283/how-banks-bought-the-tea-party/

    Reply this comment
  7. LetitCollapse
    LetitCollapse 12 December, 2013, 14:13

    The kids coming out of college are saddled with $50,000 in student debt for a lousy BA or BA. The banker likes it because even if the student defaults on the loan it’s federally guaranteed and the taxpayers get stuck holding the bag. The banker (who sold the kid the loan) doesn’t lose a nickle. The university president likes it because he fills a seat in his classroom and the kid pays his tuition with the loan. If the kid can’t find a job with his degree after graduation – that’s his problem. And, of course, BY LAW the kid can’t discharge the debt (like most other debts) in bankrupcy court (even if he’s eating out of garbage cans) so it follows him to his grave. And there’s over a trillion dollars worth of outstanding student debt in America!

    Don’t tell me these poor kids aren’t being take for a ride.

    Reply this comment
  8. Ted Steele DD
    Ted Steele DD 12 December, 2013, 21:16

    Let it collapse— that was an mini epic tome of blowhardism— you need a rest.

    Reply this comment
  9. LetitCollapse
    LetitCollapse 12 December, 2013, 23:33

    Could someone explain something to me?

    In 2009 Obama declared our depression/recession over. He saved us. Happy days were here again. But checking the records I noticed that in 2009 there were about 35M people enrolled in the food stamp program (SNAP). Yet, today, 4 years later there are over 47M enrolled in SNAP. Record levels. In fact, they say the SNAP program is expected to grow another 3-5% in 2014 with the advent of Obamacare and with people losing their U/E benefits. In 2012 the SNAP program cost the nation about $79B. If unemployment is declining (as they tell us it is) and the recession ended 4 years ago why is the SNAP enrollment is at record levels over 47M?? Is that because all the jobs being created by Obama are in the $8-$10/hr range that won’t even pay the rent?

    And the fiscal conservative Tea Partier Paul Ryan wants to continue spending like a drunken russian sailor on shore leave?

    Help! I fell down and can’t get back up!

    The late great Will Durant once told us:

    “When liberty exceeds intelligence, it begets chaos, which begets dictatorship.”

    Reply this comment
  10. Queeg
    Queeg 13 December, 2013, 00:47

    Teddy….the poor lad can not be Twitter-like……i think he may be a paid doomer plant to antagonize clear thinkers and truth tellers!

    Reply this comment

Write a Comment

Leave a Reply


Tags assigned to this article:
John SeilerPatty MurrayPaul RyanPresident Obama

Related Articles

Gays Love the Nixon Library!

Anthony Pignataro: If you read only one New Yorker Talk of the Town story this week, make sure it’s this

Greenhut Dissects State of the Union

John Seiler: Writing on Bloomberg, our colleague Steven Greenhut dissected President Obama’s State of the Union speech. You can read

N.Y. Times shames Mercury-News on AB 32 coverage

April 23, 2013 By Chris Reed The fact that no one in the California media besides me has reported that