I’ve been pretty clear that I think both political parties are corrupt beyond hope. They are captured by the special interests that bribe them. Both parties want to keep the status quo. They don’t want real change. The banking interests and the mega-corporations have a stranglehold on our financial, economic, and political systems. When Paul Ryan presented his budget propsal last week, the MSM shreiked in horror and ridiculed it as unrealistic and cruel. Cartoonists across the land had a field day of showing dying old people in the streets. The propagandists at CNN, MSNBC and the rest of the liberal media were foaming at the mouth with scorn and ridicule.
Paul Ryan’s budget plan is a joke. It is built upon false assumptions of tremendous GDP growth, no recessions, no wars, and low interest rates. It doesn’t make any cuts to our Military Industrial Complex. It doesn’t address the criminality of Wall Street. It will not balance the budget in 10 years. Only Rand Paul has proposed a budget that will actually CUT spending and put the country on a sustainable economic path. It will never see the light of day.
Did you even know that the Democrats had put forth a budget? I haven’t heard a peep from the liberal pundits about the absolute worthlessness of this piece of crap. The Democratic plan puts forth undetermined tax increases, doesn’t even mention the Social Security system, vows to not touch Medicare and will lead to a doubling of the national debt in ten years. Where is the MSM to tear apart this joke of a proposal? The sound of crickets from these faux journalists.
If you needed any more proof of the intellectual dishonesty and liberal bias of the MSM, this is it.
So it goes.
The Democrats’ complacent budget plan
Saturday, March 16,2013
SENATE BUDGET Committee Chairwoman Patty Murray (D-Wash.) has now weighed in with a budget plan to counter the House Republican tax-and-spending blueprint. We’ll get to that Democratic document in a moment. First, here’s a quick fiscal reality check, based on an analysis published Feb. 28 by economists William G. Gale and Alan J. Auerbach of the Brookings Institution.
There has been halting but real deficit reduction progress in recent months. The United States faces no imminent budget “crisis.” Nevertheless, the economists write, “the 10-year budget outlook remains tenuous.” Even assuming steady economic growth, the national debt in 2023 will be twice as high as its historical average, as a percentage of the economy — and poised to resume rising. That long-term fiscal problem, driven by the growth of entitlement programs for an aging population, remains unaddressed. Dealing with it, Messrs. Gale and Auerbach write, will take tax and spending changes “several times the size of those adopted under the recent legislation.”
Except for the part about no imminent crisis, the Senate Democratic budget recognizes none of this. Partisan in tone and complacent in substance, it scores points against the Republicans and reassures the party’s liberal base — but deepens these senators’ commitment to an unsustainable policy agenda.
The Democratic budget rightly pushes back against the more mindless anti-government impulses of the GOP. It emphasizes infrastructure, education and research, which can enhance the economy’s growth potential. It protects programs for the poor. It includes revenue as part of the solution.
OFTHEPLAN’S modest $1.85 trillion in 10-year savings, half would come from eliminating tax loopholes and deductions. The document admirably backs this goal with a sophisticated explanation of distortion and unfairness wrought by federal tax expenditures. But it is woefully imprecise about which breaks — including popular items such as the mortgage-interest deduction — it would eliminate. It alludes to economist Martin Feldstein’s intriguing plan to cap deductions and credits but doesn’t dare endorse it.
It is on the issue of entitlements that the Democrats’ document really disappoints. There is literally nothing — not a word — suggestive of trimming Social Security, whether through greater means-testing, a more realistic inflation adjustment or reforming disability benefits. The document’s fuzzy call for $275 billion in “health savings” is $125 billion less than the number President Obama has floated.
As for the coming flow of baby boomers into Medicare, the Democrats declare that “new retirees deserve the same promise of quality, affordable health care from which their parents have benefitted — and it is the position of the Senate Budget that they ought to get it.” There’s plenty of excoriation for the GOP “premium support” plan. But there’s no explanation of how the Democrats would pay for their “promise” — nary a hint of the many cost-saving reforms that would extend Medicare’s life without embracing the GOP plan.
INSHORT, this document gives voters no reason to believe that Democrats have a viable plan for — or even a responsible public assessment of — the country’s long-term fiscal predicament. Read alongside the GOP’s own partisan outline, it leaves only a faint hope that sensible members of both parties, together with Mr. Obama, might yet meet in the serious middle.
— The Washington Post