I’ll do my best to answer you question directly Jason. As I said in an earlier post, I object to the stated fact that the Ryan budget wants to cut $5 trillion from the federal budget. But I will repeat it again.
First of all, that is a bit of an inaccurate statement. Ryan’s budget cuts 5 trillion over the next 10 years off of Obama’s projected spending. It does not cut 5 trillion from the yearly federal budget. At current project rates from the CBO, we will be 15 trillion in debt. With Ryan’s plan, we would be 10 trillion in debt. Does that sound like a radical cut to you?
Non-defense discretionary: Brings spending back to pre-2008 levels and freezes it there for five years
Good, Bush spent other people’s money like it was his also.
Repeals the Dodd–Frank Wall Street Reform and Consumer Protection Act.
Good. Its a disaster. Fannie Mae and Freddie Mac are exempt from the regulations and they are some of the biggest reasons for the housing crisis in the first place. Dodd and Frank have both been in bed with them for a long time. It also makes it harder for private business to compete as they have to worry about Risk Retention, while Fannie and Freddie do not.
Medicaid: Converts federal share of Medicaid spending into a block grant that’s indexed for inflation and population growth. To offer some context, health-care costs often increase at twice the rate of inflation or more.
Ryan’s plan works almost the same as Clinton’s did back in the mid 1990’s. Everyone predicted doom and gloom then also, and it worked. In fact, it worked very well.
Supplemental Nutrition Assistance Program: Better known as food stamps, SNAP gets the Medicaid treatment: block grants indexed for inflation and population growth.
Heaven forbid we tie food assistance to seeking work or work training. In addition, it exempts those who are disabled and cannot work as a result.
Pell Grants: Cut back to 2008 Bush era levels, wiping out recent increases.
Good. As I noted earlier, millions and millions of dollars worth of scholarships go unused every year in America, largely because people cannot be bothered to apply for them.
Health-care reform: Repeals the Affordable Care Act.
Good. The Bishops were against it anyway. The things is a disaster of epic proportions and should be taken out back and capped like Old Yeller.
Medicare: Privatizes Medicare. Future beneficiaries will choose from a menu of private options. They won’t have the choice of the standard Medicare plan. Wealthier beneficiaries will get a small voucher and poorer beneficiaries will get a larger voucher. Vouchers grow at GDP+1%, whether or not Medicare does the same.
I would like to see it tied to growth in costs, but that is part of the reason that costs go up in the first place. Other than that, you cannot be opposed to giving people choice of what providers they see and allowing them to make their own health care decisions. Is not giving poorer people larger vouchers a preferential option?
Tax reform: “Reform the tax code by consolidating the current six brackets and cutting the top individual rate from 35 percent to 25 percent.
Good. Perhaps we can attract business back instead of them shipping all of their operations overseas. Haven’t you every wondered why some states are doing well in terms of growing new business and some are not? Its because they create a tax environment which is attractive. In addition, Ryan’s plan closes many of the tax loopholes which currently exists which will more than likely net greater revenue.
Tax revenue: Prevents the Bush tax cuts from expiring in 2013. So the revenue-neutral tax reform locks in today’s rates, which is to say it makes the Bush cuts permanent.
Thank God. Even Clinton has said that it is the wrong decision to raise taxes. Obama himself said it was a bad idea to raise taxes in the middle of a recession.
There is one reason I don’t like these things and that is because they all have a bias against the poor. When poor people become poorer it tends to put stress on communities as they try to look for things that they need. So this is budget is an affront to the first principle, “the common good” found in the Compendium of the Social Doctrine of the Church in chapter 4.
I disagree. There comes a point where enough is enough. Our history has shown repeatedly that the federal government stinks at fixing problems. We have thrown money at these problems again and again and it doesn’t change anything. If money was the issue, it would have been fixed a long time ago. We have effectively institutionalized dependency in America.
These are also some of the same objections that the USCCB and Catholic Charities have made.
Unfortunately, the bishops are not economists or they would be able to see the depths of the cliff we are getting ready to go over if we do not get a handle on our spending.
I think I have provided you with enough examples to answer the “repeated” question.
Yes you have. Thank you.
Also, if you would, please lay off the font and size thing. It makes it almost impossible to quote your posts to carry on a conversation. It took me longer to delete and work around that then it did to write my response.
Thanks, and Peace.