Even Paul Ryan Admits That America Isn’t Facing A Debt Crisis

[ProfessionalLeftist]

Paul Ryan says we must slash spending. We must do it now, and we must do it dramatically. We must cut 47 percent from education, 32 percent from infrastructure, and 28 percent from scientific research. We must repeal Obamacare, denying health insurance to 30 million people, and then further slash $750 billion from Medicaid. We must cut food stamps, child care support, and housing assistance. We must cut non-defense discretionary spending down to levels we have never before seen in modern history. Paul Ryan says we must do these things because otherwise, “We face the threat of a debt crisis.”

Now, take a look at the terrifying graph of what Paul Ryan says will happen to our national debt unless we adopt his policies:



That’s right. Under Ryan’s own definition of current policies – policies we are currently doing before any of his new draconian spending cuts take place – the debt is already projected to decline for the next six years, and only after that will it begin a slow rise.

This is the horrifying dystopian future that Paul Ryan seeks to avoid with his enormous cuts to anti-poverty programs and middle class protections? You could be forgiven if you find it hard to see a looming “debt crisis” in this graph.

SOURCE: http://thinkprogress.org/economy/2013/03/13/1712141/paul-ryan-debt-crisis/

[ProfessionalLeftist]

1. Boner admits same but insists SS and Medicare should be gutted anyway

Boehner Admits There is No Immediate Debt Crisis; Wants to Gut Social Security and Medicare Anyway

On ABC’s This Week, Speaker John Boehner admitted that there is no immediate debt crisis, but in the next breath argued that the country should gut Medicare and Social Security anyway.

Transcript from ABC News:

PRESIDENT BARACK OBAMA (VIDEO): We’ve already cut– $2.5– $2.7 trillion out of the deficit. If the sequester stays in, you’ve got over $3.5 trillion of deficit reduction already. And, so, we don’t have an immediate crisis in terms of debt. In fact, for the next ten years, it’s gonna be in a sustainable place.

MARTHA RADDATZ: Is he right that we don’t have an immediate crisis?

SPEAKER JOHN BOEHNER: We do not have an immediate debt crisis. But we all know that we have one looming. And we have– one looming– because we have entitlement programs that are not sustainable in their current form. They’re gonna go bankrupt. Washington has responsibility– to our seniors and our near seniors– that we firm up these programs so that they’re there for the long term. Because if we don’t do it, not only will they not get benefits, we will have a debt crisis right around the corner. We have time to solve our problems. But we need to do it now.

MORE...

http://www.politicususa.com/boehner-admits-debt-crisis-gut-social-security-medicare.html

[HiPointDem]

2. kr