'This is our offer': Ryan debuts budget that would balance in a decade

[TomCADem]

The new Ryan budget calls for repealing Obama's signature health care reform law, and sweeping changes to Medicare for anyone under the age of 54 -- familiar policies for which Republicans have aggressively pushed during the last two years. The budget's goal would be to eliminate all but two income tax brackets, one at 10 percent and the other at 25 percent; it would raise no new revenue through taxes, cutting against the president's own demands for additional revenue.

"While the House Republican budget aims to reduce the deficit, the math just doesn't add up," White House press secretary Jay Carney said in a statement.

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But the plan also relies on savings accrued from two plans which Republicans had staunchly opposed: the new taxes on the wealthy in the Jan. 1 fiscal cliff deal, and the $715 billion in savings from cuts to Medicare providers as part of Obama's health care reform law.

Of the new taxes, Ryan said that Republicans were "not going to re-fight the past." When pressed as to how that principle squares with his budget's goal of repealing Obamacare, Ryan pivoted, and said that the health reform law would be so onerous, that the eventual GOP replacement would be an improvement.

I love how the corporate media gives Republicans a free pass on the underlying assumption that austerity that is more severe then sequester will somehow lead to incredible economic growth that will wipe out the deficit despite lower tax rates. Yeah, lets ask Europe how that is working for them.

Also, while blaming Democrats for the failure to balance the deficit, Ryan's plan keeps the savings and taxes pushed by Democrats through the fiscal cliff deal and Obamacare, but eliminates the benefits of expeanded healthcare coverage in order to fund tax cuts to the rich.

Note: The comment keep on appearing in the actual excerpt. Tech issue?

[Javaman]

1. Link? nt