Paul Ryan and John Boehner Go Back On Their Word By Demanding More Spending Cuts
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Ryan said he intends to write a new budget even though the December budget law established a smaller discretionary spending level of $1.014 trillion for 2015 than his Path to Prosperity budget, but he failed to give the rich and corporations unsustainable tax cuts or eviscerate Medicare and Social Security that Ryan calls “entitlements.” He said his new budget will combat income inequality to foster economic growth by giving “job creators” incentives to start hiring; such as a 15.9% tax cut for the rich and corporations. Ryan said, “CBO says our budget outlook is unsustainable. We’ve made some progress on the discretionary side, but on the main drivers of our debt, entitlements, we’ve got a lot more work to do. House Republicans will keep offering real solutions to get spending under control, fix our broken tax code, create jobs, and put us on the path to balance.” According to Ryan, fixing the broken tax code and creating jobs means more tax cuts for the rich and corporations as well as tax increases for the middle class and the poor. Putting us on the path to balance means ending Medicare, Medicaid, Social Security, and food stamps as Americans know them even though the Draconian cuts still will not pay for his concept of “fixing the broken tax code” (more outrageous tax cuts for the richest Americans).
The long-term deficit has already been reduced by $3.3 trillion due to spending cuts President Obama negotiated to preserve the good faith and credit of the United States, but Republicans were unable to take Americans’ Medicare, Medicaid, Social Security, and food stamps that is their motivation to replace the budget deal they just passed in December. Senator Murray sent out a memo to her Senate colleagues on Thursday arguing that spending cuts since 2010 reduced the long-term budget deficit by $3.3 trillion, and proposed that Congress pivot away from more time-wasting budget fights since “we have some breathing room to focus more on creating jobs, expanding opportunity and generating broad-based economic growth now and into the future—while we keep looking for ways to tackle our long-term fiscal challenges using a balanced and responsible approach.”
Republicans have absolutely no interest in a responsible and balanced approach to long term fiscal challenges, or creating jobs, expanding opportunity, and generating economic growth that does not entail more unsustainable tax cuts for the richest 1% and their corporations. Their approach for thirty years has been the so-called “trickle down” economic theory that not only failed to created jobs or improved the economy, it only enriched the wealthy and corporations beyond their wildest dreams. Subsequently, since their “approach” of taking from the 98% has so successfully enriched the wealthy, they are loath to change; particularly if change entails helping the great majority of Americans.
the rest
http://www.politicususa.com/2014/03/02/paul-ryan-john-boehner-word-demanding-spending-cuts.html
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