(2 pm. – promoted by ek hornbeck)
Why Representative Paul Ryan (R-WI) decided to release his latest budget proposal on April 1 will most likely not be answered except with some guffaws. Calling it the Path to Prosperity is another joke, or prank if it even gets to the House floor for a vote. It’s more like the Road to Ruin except for the 1%. His proposal cuts government spending over the next 10 years to the tune of $5.1 trillion dollars mostly on the backs of the middle class but mostly the poor. It will increase military spending:
In his plan, military spending through 2024 would actually rise by $483 billion over the spending caps established in the 2011 Budget Control Act “consistent with America’s military goals and strategies,” while nondefense spending at Congress’s annual discretion would be cut by $791 billion below those strict limits.
In all, Mr. Ryan says, spending would be cut by $5.1 trillion over the next decade. More than $2 trillion of that would come from repealing Mr. Obama’s health care initiative, the Affordable Care Act, a political move that has become much more difficult with the closing of the first enrollment period. As many as 10 million Americans have gotten health insurance through the law, either through private policies purchased on insurance exchanges, through expanded Medicaid or private policies purchased through brokers but subsidized by the law.
As with past budget proposals, Mr. Ryan seeks to eliminate the Affordable Care Act’s Medicaid expansion, then turn the health care program for the poor into block grants to the states – saving $732 billion over the decade. He would also cap and block-grant food stamps, starting in 2020, cutting that program by $125 billion in five years. The budget relies on imposing new work requirements on food stamp and welfare recipients.
Some of the headlines from The Hill tell most of the story for the rest of Ryan’s fantasies:
The new Republican budget will adopt cuts to Medicare under Obamacare that the party is attacking Democrats for ahead of the 2014 congressional elections.
And it won’t include cuts to Social Security that Republicans bashed President Barack Obama for omitting from his budget proposal just six weeks ago.
The blueprint, to be unveiled Tuesday by House Budget Chair Paul Ryan (R-WI), will shine a light on stark contradictions in the GOP’s stance on these two programs. Slashing the retirement safety net is an overarching goal for wealthy donors and party elites, but their elderly voting base strongly opposes any cuts. While Republicans warn of a looming debt crisis if Medicare and Social Security aren’t scaled back, they’re knocking Democrats for Obamacare’s $700 billion in Medicare payment cuts to hospitals, private insurers and other providers.
A difference between this budget fantasy and Ryan’s other dreams is that it was scored by the Congressional Budget Office before its release. At FDL Action, Jon Walker points out another problem, it won’t achieve what the GOP says it wants, eliminating the deficit and a balanced budget:
The problem is that the CBO has recently downgrade its revenue projections making it harder for Ryan to meet his goal of eliminating the deficit in 10 years. If the deficit was really a top priority for Republicans they could have made the tough decision to raise taxes or put forward even more cuts spending. Instead they decided to basically cheat to get a better CBO score. [..]
This budget is a purely statement of principle by Republicans since it has no chance of becoming law or even being the starting point for a negotiation. In this statement of principle Republicans had to choose between a real plan to balance the budget or their other priorities like tax policy and defense spending. By going this route they made it clear the national debt is at best a second tier concern for them. [..]
Republicans have repeatedly had to the chance to choose between reducing the deficit and keeping taxes low for rich people and once again they proved they will pick rich people every time.
Ryan would like everyone to think he’s serious. The truth is that the is just a very bad running April Fool’s joke.