GOP budget plan is ‘Ludicrous and Cruel’ and ‘radical, almost otherworldly’

The proposed budget by the U.S. House Republicans really illustrates what the Grand Oil Party really stands for: throwing money at the super rich while shredding the social safety net and attacking the poor and the middle class.

Nobel Prize Economist Paul Krugman calls the budget floated by Paul Ryan “Ludicrous and Cruel” saying it is “voodoo economics …with an extra dose of fantasy, and a large helping of mean-spiritedness.”

The budget assumptions are based on an unemployment rate of 2.8 percent — “a number we haven’t achieved since the Korean War,” and according to the nonpartisan Congressional Budget Office (CBO) the large part of the supposed savings from spending cuts cutting programs that mainly serve low-income Americans will go to pay for more tax cuts for the rich. “In fact, the budget office finds that over the next decade the plan would lead to bigger deficits and more debt than current law. “

LA Times columnist Tim Rutten says Ryan’s fantasy plan “would push the aged into poverty,” calling it an “attempt to abolish Medicare and gut Medicaid, while further lowering the taxes paid by corporations and wealthy individuals.”

It just goes to reason that they want to kill Medicare because it's the most efficient and popular health insurance program in the country with more of each dollar going into actual health care instead of overhead and profits and salary for the CEO. In fact, the prigram operates with 3 percent overhead compared to 15-30 percent by for profit providers.

The CBO has outlined what adoption of this proposal to supplant Medicare with vouchers and private insurance exchanges would mean, and it means “the overall cost of healthcare would go up, and retirees' out-of-pocket medical expenses would double — an increase that would push tens of millions of people living on fixed incomes over the financial brink.”

Henry J. Aaron, a Senior Fellow of Economic Studies at the Brookings Institution, confirms that Ryan’s will not reduce the deficit, calling the plan “radical, almost otherworldly.”

In addition to killing Medicare and cutting Medicaid by 75 percent, it cuts spending on just about everything the government does. “By 2050, government spending would be a smaller share of the economy than in any year since the presidency of Herbert Hoover,” and we know how well that turned out. “Among the programs that would suffer drastic reductions would be national defense, housing, education, agriculture, the environment and veterans affairs.”

It’s funny that Republicans like Ronald Reagan and more recently Dick Cheney said deficits don't matter, but now at a critical time when we are coming out of the longest and deepest recession since the Great Depression deficits now matter. It’s like they want the economy to tank.

If the GOP wins in November expect another tax-payer financed witch-hunt against the President

If going back to the failed economic policies that created the worst recession since the Great Depression and almost pushed the country into a economic meltdown and into a depression was not enough of reason to not vote Republican this November then the threat of another tax-payer financed witch-hunt like the one against former President Bill Clinton that wasted millions of dollars is another reason.

You will recall that from day one rich Republicans spent millions of dollars investigating every single aspect of the Clinton’s lives, but at least it was their inherited money and not tax payer money. But the Ken Starr witch-hunt that cost more than $7 million and became the most expensive investigation in history could be in the cards again if the unthinkable happens in November.

New York Times columnist and Nobel Prize winning economics professor Paul Krugman lays out what will happen if we give the keys to the car back to the Republicans.

“So what will happen if, as expected, Republicans win control of the House? We already know part of the answer: Politico reports that they’re gearing up for a repeat performance of the 1990s, with a “wave of committee investigations” — several of them over supposed scandals that we already know are completely phony. We can expect the G.O.P. to play chicken over the federal budget, too; I’d put even odds on a 1995-type government shutdown sometime over the next couple of years.“

Even though the American people clearly wanted the silliness to stop back in the 1990s, Republicans refused, and they were going to get Clinton at all costs.

“The last time a Democrat sat in the White House, he faced a nonstop witch hunt by his political opponents. Prominent figures on the right accused Bill and Hillary Clinton of everything from drug smuggling to murder. And once Republicans took control of Congress, they subjected the Clinton administration to unrelenting harassment — at one point taking 140 hours of sworn testimony over accusations that the White House had misused its Christmas card list.”

Republicans have already said if they regain power it will be wall to wall investigations from the House and Senate floor, and the country can’t afford that silliness. Not only that, rich Republicans angry that they may be forced to pay their fair share have already spent millions to bankroll another Arkansas-like project.

“Wall Street has turned on Mr. Obama with a vengeance: last month Steve Schwarzman, the billionaire chairman of the Blackstone Group, the private equity giant, compared proposals to end tax loopholes for hedge fund managers with the Nazi invasion of Poland.
And powerful forces are promoting and exploiting this rage. Jane Mayer’s new article in The New Yorker about the superrich Koch brothers and their war against Mr. Obama has generated much-justified attention, but as Ms. Mayer herself points out, only the scale of their effort is new: billionaires like Richard Mellon Scaife waged a similar war against Bill Clinton.”

The only difference between then and now was that the Clinton presidency created a time of peace and prosperity. That’s not the case today, and President Obama has driven the car out of the Bush recession ditch, but it is still too close to the ditch to play the gotcha ya game the Republicans love so much.

“It will be an ugly scene, and it will be dangerous, too. The 1990s were a time of peace and prosperity; this is a time of neither. In particular, we’re still suffering the after-effects of the worst economic crisis since the 1930s, and we can’t afford to have a federal government paralyzed by an opposition with no interest in helping the president govern. But that’s what we’re likely to get. “