Monday, April 11, 2011

The budget

Mike lux, over at huffington post, formerly of open left, has some great arguments about Paul Ryans budget proposal. Which, in a nut shell, is aimed at far rich, millionaire constituents.

"The Ryan budget is a remarkable document: all of its budget cuts hammer working class families, seniors, and students -- while all of its tax cuts go straight to millionaires. It does almost nothing to deal with the deficit, yet still manages to deal a death blow to virtually every member of the working middle class and everyone trying to work their way into it

The good news, for those who are millionaires? They get so many economic benefits it will be hard to keep track of them all.

You can easily balance the budget in less than 10 years, even including those interest payments, simply by cutting the waste in military spending, reforming the government contracting procedures, ending tax loopholes for investment bankers and offshore companies, ending subsidies to oil companies and big agribusinesses, taxing speculative financial trades, and having millionaires pay taxes at the same rate they did under Ronald Reagan.

You can easily balance the budget in less than 10 years, even including those interest payments, simply by cutting the waste in military spending, reforming the government contracting procedures, ending tax loopholes for investment bankers and offshore companies, ending subsidies to oil companies and big agribusinesses, taxing speculative financial trades, and having millionaires pay taxes at the same rate they did under Ronald Reagan.

The Ryan budget has nothing -- not a single frickin' thing -- to do with cutting the federal deficit. It is all about income redistribution"

http://www.huffingtonpost.com/mike-lux/ryan-gop-budget_b_846907.html

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