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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums12 Things You Should Know About Vice Presidential Candidate Paul Ryan
2. Ryan wants to raises taxes on the middle class, cut them for millionaires. Paul Ryans infamous budget which Romney embraced replaces the current tax structure with two brackets 25 percent and 10 percent and cut the top rate from 35 percent. Federal tax collections would fall by about $4.5 trillion over the next decade as a result and to avoid increasing the national debt, the budget proposes massive cuts in social programs and special-interest loopholes and tax shelters that litter the code. But 62 percent of the savings would come from programs that benefit the lower- and middle-classes, who would also experience a tax increase. Thats because while Ryan would extend the Bush tax cuts, which are due to expire at the end of this year, he would not extend President Obamas tax cuts for those with the lowest incomes, which will expire at the same time. Households earning more than $1 million a year, meanwhile, could see a net tax cut of about $300,000 annually.
Audiences have booed Ryan for the unfair distribution:
3. Ryan wants to end Medicare, replace it with a voucher system. Ryans latest budget transforms the existing version of Medicare, in which government provides seniors with a guaranteed benefit, into a premium support system. All future retirees would receive a government contribution to purchase insurance from an exchange of private plans or traditional fee-for-service Medicare. But since the premium support voucher does not keep up with increasing health care costs, the Congressional Budget Offices estimates that new beneficiaries could pay up to $1,200 more by 2030 and more than $5,900 more by 2050. A recent study also found that had the plan been implemented in 2009, 24 million beneficiares enrolled in the program would have paid higher premiums to maintain their choice of plan and doctors. Ryan would also raise Medicares age of eligibility to 67.
4. Ryan thinks Social Security is a ponzi scheme. In September of 2011, Ryan agreed with Rick Perrys characterization of Social Security as a Ponzi scheme and since 2005 has advocated for privatizing the retirement benefit and investing it in stocks and bonds. Conservatives claim that this would outperform the current formula based on wages earned and overall wage appreciation, but the economic crisis of 2008 should serve as a wake-up call for policymakers who seek to hinge Americans retirement on the stock market. In fact, a person with a private Social Security account similar to what President George W. Bush proposed in 2005? would have lost much of their retirement savings.
http://thinkprogress.org/politics/2012/08/11/677171/12-things-you-should-know-about-vice-presidential-candidate-paul-ryan/
More on Paul Ryan's Budget for our Country
I could do this in detail, but you can learn everything you need to know by understanding two numbers: $4.6 trillion and 14 million.
Of these, $4.6 trillion is the size of the mystery meat in the budget. Ryan proposes tax cuts that would cost $4.6 trillion over the next decade relative to current policy that is, relative even to making the Bush tax cuts permanent but claims that his plan is revenue neutral, because he would make up the revenue loss by closing loopholes. For example, he would well, actually, he refuses to name a single example of a loophole he wants to close.
So the budget is a fraud. No, its not imperfect, its not a bit shaky on the numbers; its completely based on almost $5 trillion dollars of alleged revenue that are pure fabrication.
...
On the other side, 14 million is the minimum number of people who would lose health insurance due to Medicaid cuts the Urban Institute, working off the very similar plan Ryan unveiled last year, puts it at between 14 and 27 million people losing Medicaid.
http://krugman.blogs.nytimes.com/2012/04/06/ryan-in-two-numbers/?smid=tw-share
Romney plan according to an independent Study?
Study: Romney Plan Would Raise Taxes On 95% Of Americans
http://2012.talkingpointsmemo.com/2012/08/study-romney-plan-would-raise-taxes-on-95-of-americans.php
Romney Called that study a Joke but refused to release his own analysis.
It was good enough for him when he used it to slam Gov. Perry though
Don't let Romney fool you that he will be the one making all the decisions and policies and that they will somehow be different. Their policies are the same. Romney has backed Paul Ryan's budget even when that budget was slammed for being the disaster it is.
Five Times Mitt Romney Has Embraced The Ryan Budget
http://www.democraticunderground.com/10021112396
Romney/Ryan are a disaster for our Country.
notadmblnd
(23,720 posts)SunsetDreams
(8,571 posts)you are probably right lol
SunsetDreams
(8,571 posts)sad sally
(2,627 posts)and wife to his Social Security benefits (which he says he saved and used for college) wants to gut the "ponzi" scheme. Is it really his belief that this social government benefit he received until he was 18 didn't keep his family together?
Edited to add this find:
According to US News and World Report, Ryans father died when Paul was only 16. Using the Social Security survivors benefits he received until his 18th birthday, he paid for his education at Miami University in Ohio, where he completed a bachelors degree in economics and political science in 1992. According to the Chicago Tribune, Ryans late father was a lawyer who died when Ryan was 16. He has said his fathers death made him grow up fast. Until he was 18, Ryan, the youngest of four children, collected Social Security survivors benefits, which he said he socked away for college. [US News and World Report, 7/23/08; Chicago Tribune, 4/17/11]
Guess those monthly benefits must have been very generous for those two years to have grown enough to pay for college.
.......................end of edit.
Speaking from personal experience, even though it was almost 64 years ago, the small amount my sisters and I got from our Dad's benefits after he was killed kept food on the table. It also solidified us into lifetime liberal Democrats who understood very early the need for a compassionate government, as the company where our Dad was killed didn't.
SunsetDreams
(8,571 posts)think someone like him who has used it before would do everything in their power to make sure it's available for others. Subjecting it to the market where we run the risk of it crashing, just like the entire system did is irresponsible.
I'm sorry for the loss of your dad. It's hard going through life without either of your parents. I'm glad that what little you received helped in keeping food on the table. My dad died when I was 19 and my mom when I was 28.