People like Ryan need to be kicked out of the GOP.
Ryan's budget will NEVER balance the budget.
His budget will run $1tn+ deficits ad infinitum.
To make his numbers work he has to assume that the economy will grow by 6% a year forever.
During the boom period (1950 to 2000) America only grew by an average of 3.3%.
During the latter period - circa 1980 on the economy was debt fuelled, not real, total money increased exponentially and total debt went up over TEN times from $6tn to $68tn
Since 2000 the economy has only grown at an average of just under 2%.
Ryan's assumptions for future growth rates are plainly ridiculous.
Ryan also assumes that he will close $750bn of annual tax loop holes by 2022.
But he doesn't name a SINGLE one.
They would disproportionately hurt the middle class and would cause a major depression if they were closed (and not offset by other tax breaks).
These assumptions too are plainly ridiculous.
Giving tax breaks to the rich isn't the priority.
The top 0.1% are already doing more than ok.
It's the 99% that are suffering.
In order for the economy to ever recover, disposable incomes of ordinary people need to start rising again, instead of plummeting like they have since 2001.
What is required is to cut $1.3tn+ a year of Corporate Welfare and to use that money to give massive tax cuts for middle earners and below.
Cutting benefits now would only send the economy into a tailspin from which it would NEVER recover. The economy needs to start growing again before the looming crisis in pensions is tackled by raising the retirement age.
The problem with medicare funding needs to be tackled by making Healthcare much more EFFICIENT - America pays double what other countries pay with inferior results - e.g. a declining expected life span.
The Ryan plan would massively deepen the coming recession.
MASSIVELY CUT Corporate Welfare and military spending and give that money back to who it rightfully belongs to - ordinary taxpayers.
It is easy to see how to cut $1.3tn+.
Then we can start working on the next $500bn of government waste.
The Ryan budget goes in EXACTLY the OPPOSITE direction for America to EVER recover.
The GOP will NEVER win another election with people like Ryan in the party.
Look at the reaction on Huffy Po.
It is hardly surprising given the utter stupidity of Paul Ryan's so called "budget plan".
What is required to be done to turn America's economy around is detailed in here.
http://ian56.blogspot.co.uk/2013/05/how-to-fix-americas-economy-create-jobs.html
Updates 03/13
Paul Ryan is a reckless spending proponent of MASSIVE government and MASSIVE deficits.
He should be KICKED OUT of the GOP - he is NOT a Republican - he does NOT advocate Republican values of small government and fiscal discipline.
What a Paul Ryan budget would do to America. DEEP recession.
http://ian56.blogspot.co.uk/2012/10/the-reality-of-mitt-romneys-tax-plans.html
Paul Ryan has voted for bills that have raised the National Debt by $10tn. His record speaks for itself.
http://ian56.blogspot.co.uk/2012/10/paul-ryans-contribution-to-national.html
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