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Ryan plan will kill economic growth

The Ryan economic plan will kill economic growth. It will give money to the rich in the form of tax cuts and it will raise taxes on the average American. It will increase the Pentagon’s budget in spite of the fact that the Pentagon states that they don’t need any more money.

From EPI:

Republican presidential candidate Mitt Romney has selected House Budget Committee Chairman Paul Ryan (R-Wis.) as his running mate, further elevating tax and budget policy issues. Ryan is known for providing seemingly wonky budget plans over the last decade. Below, we highlight and summarize previous analyses of these plans. What stands out is that Ryan’s budget blueprints impose huge cuts to non-defense spending yet still fail to address long-run fiscal challenges in any serious way. Further, they clearly exacerbate many pressing economic challenges, like restoring full employment, rebuilding the middle class, and curbing health costs. Lastly, they are often simply incomplete or even dishonest, claiming to hold overall revenue levels constant while offering no tax increases to counterbalance very large tax cuts aimed at the highest-income households. Simply put, the Ryan budgets fail to correctly diagnose the most pressing economic problems facing the U.S. economy, and hence fail to propose real solutions. Here are themes everyone needs to know about the Romney-Ryan agenda for the federal budget, and a 10-point overview of Ryan’s budgets.

By |2012-08-24T20:08:49-04:00August 24th, 2012|Economy|Comments Off on Ryan plan will kill economic growth

Obama lays out his vision of America

I have watched this speech twice. It is really great.

From George Lakoff:

Last week, on April 13, 2011, President Obama gave all Democrats and all progressives a remarkable gift. Most of them barely noticed. They looked at the president’s speech as if it were only about budgetary details. But the speech went well beyond the budget. It went to the heart of progressive thought and the nature of American democracy, and it gave all progressives a model of how to think and talk about every issue.

It was a landmark speech. It should be watched and read carefully and repeatedly by every progressive who cares about our country — whether Democratic office-holder, staffer, writer, or campaign worker — and every progressive blogger, activist and concerned citizen. The speech is a work of art.

The policy topic happened to be the budget, but he called it “The Country We Believe In” for a reason. The real topic was how the progressive moral system defines the democratic ideals America was founded on, and how those ideals apply to specific issues. Obama’s moral vision, which he applied to the budget, is more general: it applies to every issue. And it can be applied everywhere by everyone who shares that moral vision of American democracy.

Discussion in the media has centered on economics — on the president’s budget policy compared with the Republican budget put forth by Paul Ryan. But, as Robert Reich immediately pointed out, “Ten or twelve-year budgets are baloney. It’s hard enough to forecast budgets a year or two into the future.” The real economic issues are economic recovery and the distribution of wealth. As I have observed, the Republican focus on the deficit is really a strategy for weakening government and turning the country conservative in every respect. The real issue is existential: what is America at heart and what is America to be.

In 2008, candidate Obama laid out these moral principles as well as anyone ever has, and roused the nation in support. As president, as he focused on pragmatics and policy, he let moral leadership lapse, leaving the field of morality to radical conservatives, who exploited their opposite moral views effectively enough to take over the House and many state offices. For example, they effectively attacked the president’s health care plan on two ideas taken from the right-wing version of morality: freedom (“government takeover”) and life (“death panels”). The attacks were successful even though Americans preferred the president’s health care policies (no preconditions, universal affordable coverage). The lesson: morality at the general level beats out policy at the particular level. The reason: voters identify themselves as moral beings not policy wonks. (more…)

By |2011-04-21T15:51:10-04:00April 21st, 2011|Obama administration|Comments Off on Obama lays out his vision of America
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