Quote: (08-14-2012 08:15 PM)Brian Wrote:
Quote: (08-14-2012 07:40 PM)The_CEO Wrote:
-"let's run down what we know about Ryan's collection of Tough Choices. Ryan claims, as Romney recently has, that he can affect growth by closing loopholes, but he has never specified which loopholes, and as we're learning from the Tax Policy Center, there aren't enough loopholes to close to achieve the desired ends. (Hence, you're stuck raising taxes on the middle class, or scuppering the entire government, or both.)
His plan to balance the budget is to not balance the budget. He's considered a "deficit hawk" -- but as he's put his rubber stamp on all of the Bush administration's budget-busting initiatives, that's a lot like calling an arsonist a fire-fighter. As Jacob Weisberg learned, to some chagrin, Ryan's budget plan "projects an absurd future, according to the Congressional Budget Office, in which all discretionary spending, now around 12 percent of GDP, shrinks to 3 percent of GDP by 2050."-
If Jacob Weisberg says so it must be true.
"Let’s look at some of the budget busting, deficit spending things Paul Ryan supported under Bush.
Ryan supported the wars in Iraq and Afghanistan without paying for them. Ryan supported adding the cost of these wars to the national debt borrowing from China to fund them.
Paul Ryan voted for the largest expansion of entitlement spending since Lyndon Johnson enacted Medicare in 1965. He supported the Bush Medicare Drug bill without paying for it. Instead, the enormous cost was just added to the deficit Again, we borrowed from China to pay for it.
Paul Ryan supported the Bush Highway bill, the largest in history. That earmark-ridden bill included the famous bridge to no where.
He supported the Bush tax cuts, the largest in history, without any off setting spending cuts. We just borrow the money from China to pay for them—and we still are. And he wants to double down on tax cuts for the top.
He supported TARP, the bailout of Wall Street Banks, enacted under Bush before Obama was inaugurated. When Obama took office, however, he voted against the second phase of TARP. Apparently, it matters who proposed it.
He supported the auto industry bailout, to his credit, while Romney was advocating Detroit going bankrupt. However, he blames Obama for the deficits as though Congress did not approve it.
Now Ryan spends his time blaming Obama for the huge debt the spending he voted for and ran up. Bush added $6.8 trillion to the debt. "