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Posted: 8/18/2012 10:52:12 AM EDT



The Paul Ryan Plan Is Weak And Assumes The Economic Equivalent Of Winning The Lottery Twice





http://www.businessinsider.com/republicans-hope-but-dont-change-2012-8
So what was the Ryan Budget's radical departure from the status quo that
has caused such uproar? If enacted today, the Ryan budget would so
drastically upend the fiscal picture that the U.S. federal budget would
come into balance in just... wait for it.... 27 years! This is because
the Ryan budget doesn't actually cut anything. At no point in Ryan's
decades long budget timeline does he ever suggest that the government
spend less than it had the year before. He doesn't touch a penny in
current Social Security or Medicare outlays, nor in the bloated defense
budget.
In fact, among his other overly-optimistic assumptions are that the
unemployment rate falls to 4% by 2015 and an unprecedented 2.8% by 2021,
another real estate boom begins almost immediately, and there is an
average inflation and ten-year treasury rate for the next ten years of
2.04 and 4.15 respectively. These are assumptions that would make even
the most rabid economic cheerleaders sit on their pompoms.







 
Link Posted: 8/18/2012 10:54:37 AM EDT
[#1]
And what does he say about the democrat's budget?  Oh wait, it's hard to criticize something that doesn't exist.



Link Posted: 8/18/2012 10:59:56 AM EDT
[#2]



Quoted:


And what does he say about the democrat's budget?  Oh wait, it's hard to criticize something that doesn't exist.


The Democrats plan is out-of-this-world stupid; but let's face facts, the Republicans isn't much better.



 
Link Posted: 8/18/2012 11:00:53 AM EDT
[#3]
Quoted:

Quoted:
And what does he say about the democrat's budget?  Oh wait, it's hard to criticize something that doesn't exist.




The Democrats plan is out-of-this-world stupid; but let's face facts, the Republicans isn't much better.
 


So who are you going to vote for?
Link Posted: 8/18/2012 11:01:57 AM EDT
[#4]




Quoted:



Quoted:





Quoted:

And what does he say about the democrat's budget? Oh wait, it's hard to criticize something that doesn't exist.


The Democrats plan is out-of-this-world stupid; but let's face facts, the Republicans isn't much better.





So who are you going to vote for?


I dont think he can...

Link Posted: 8/18/2012 11:03:17 AM EDT
[#5]
David Stockman, Reagan's budget director, essentially said the same thing.  Ryan's budget plan won't solve the massive issues facing the US.






But guess what?  He is the only person in Washington who has even dared to try!  And for doing so, he is accused of wanting to kill the elderly.  Obama's budgets called for more spending and more debt, and both of them received 0 votes from the DEMOCRATS.







So criticize Ryan's budget as weak, but it's the most anyone in Washington is willing to do on record.

 
Link Posted: 8/18/2012 11:03:35 AM EDT
[#6]
That's what I've been saying for the past year.  Listen, Ryan, woo hoo and all.  Yup better than Obama/Biden, but I think we should at least look at things in context.  The Ryan budget isn't that good, and if there is any way to spin it, spin it to those in the middle who think Ryan would cut off grandma's social security check and close down the subsidized housing as it doesn't even come close to that.
Link Posted: 8/18/2012 11:04:10 AM EDT
[#7]





Quoted:
Quoted:


And what does he say about the democrat's budget?  Oh wait, it's hard to criticize something that doesn't exist.



The Democrats plan is out-of-this-world stupid; but let's face facts, the Republicans isn't much better.


 
Never mind not worth it





 
Link Posted: 8/18/2012 11:05:47 AM EDT
[#8]
Quoted:
David Stockman, Reagan's budget director, essentially said the same thing.  Ryan's budget plan won't solve the massive issues facing the US.

But guess what?  He is the only person in Washington who has even dared to try!  And for doing so, he is accused of wanting to kill the elderly.  Obama's budgets call for more spending and more debt, and both of them received 0 votes from the DEMOCRATS.

So criticize Ryan's budget as weak, but it's the most anyone in Washington is willing to do on record.


Rand Paul put out a better, more effective budget proposal, last I checked.  It was discussed here, too.  Ryan's problem is that he wants to preserve as much of the national Provider State as he can, but feels that what can possibly be saved is less than what most of his colleagues think can be preserved, making him an outlier.  Ultimately, any plan that does not come close to dismantling the Provider State in the long term is not going to work.
Link Posted: 8/18/2012 11:06:27 AM EDT
[#9]
It will let young people opt out of Medicare, assuming we get rid of Obomination Care.  That's a good thing.
Link Posted: 8/18/2012 11:06:39 AM EDT
[#10]



Quoted:


David Stockman, Reagan's budget director, essentially said the same thing.  Ryan's budget plan won't solve the massive issues facing the US.



But guess what?  He is the only person in Washington who has even dared to try!  And for doing so, he is accused of wanting to kill the elderly.  Obama's budgets call for more spending and more debt, and both of them received 0 votes from the DEMOCRATS.




So criticize Ryan's budget as weak, but it's the most anyone in Washington is willing to do on record.
This is getting old.  Connie Mack has a plan called the Mack-Penny plan that gets the budget balanced in 10 years.  I for the life of me don't understand why no one talks about him, or ignores him.  And, his budget doesn't do anything really draconian like taking out 5 cabinets.



Also, I think it also goes to show you how institutionalized everything is and why we aren't going to solve this problem the easy way.  



 
Link Posted: 8/18/2012 11:08:15 AM EDT
[#11]
Peter Schiff, here is why a lot of people laugh when they here that name.  Although I agree that Ryan's plan doesn't go far enough. to slash $$$.  (People still aren't talking about how an improving economy with tax reform would actually increase .gov revenues)
Link Posted: 8/18/2012 11:08:32 AM EDT
[#12]
Quoted:

Quoted:
Quoted:

Quoted:
And what does he say about the democrat's budget? Oh wait, it's hard to criticize something that doesn't exist.




The Democrats plan is out-of-this-world stupid; but let's face facts, the Republicans isn't much better.


So who are you going to vote for?



I dont think he can...


No shit.

Link Posted: 8/18/2012 11:10:09 AM EDT
[#13]
Not reducing the spending doesn't mean there aren't cuts, since the current system automatically INCREASES every year. If you just reduce or eliminate those increases you can make a big difference. The writer's complaining that it'll take 27 years to balance the budget, but that's still infinitely faster than the democrat plan, which will never balance and just gets worse and worse. You can't realistically balance the system instantly, the shock would be too great and there'd be too much opposition even from right wing folks. Let's face it, you can't dismantle medicare and social security quickly without complete chaos. The best you can do is a slow change that will minimize the damage they do and eventually get things to something we can afford.
Link Posted: 8/18/2012 11:11:04 AM EDT
[#14]
Take Irwin Schiff's advise then.
Link Posted: 8/18/2012 11:11:23 AM EDT
[#15]



Quoted:


Peter Schiff, here is why a lot of people laugh when they here that name.  Although I agree that Ryan's plan doesn't go far enough. to slash $$$.  (People still aren't talking about how an improving economy with tax reform would actually increase .gov revenues)


On the flip side a lot of people laugh when they read stuff like what you just  posted.

 
Link Posted: 8/18/2012 11:12:03 AM EDT
[#16]
Quoted:

Quoted:
David Stockman, Reagan's budget director, essentially said the same thing.  Ryan's budget plan won't solve the massive issues facing the US.

But guess what?  He is the only person in Washington who has even dared to try!  And for doing so, he is accused of wanting to kill the elderly.  Obama's budgets call for more spending and more debt, and both of them received 0 votes from the DEMOCRATS.

So criticize Ryan's budget as weak, but it's the most anyone in Washington is willing to do on record.
This is getting old.  Connie Mack has a plan called the Mack-Penny plan that gets the budget balanced in 10 years.  I for the life of me don't understand why no one talks about him, or ignores him.  And, his budget doesn't do anything really draconian like taking out 5 cabinets.

Also, I think it also goes to show you how institutionalized everything is and why we aren't going to solve this problem the easy way.  
 

I've heard his plan and it sounds great.  He was hannity.  So don't count on that getting traction.
Link Posted: 8/18/2012 11:13:40 AM EDT
[#17]
Quoted:
Quoted:

Quoted:
And what does he say about the democrat's budget?  Oh wait, it's hard to criticize something that doesn't exist.




The Democrats plan is out-of-this-world stupid; but let's face facts, the Republicans isn't much better.
 


So who are you going to vote for?




Link Posted: 8/18/2012 11:14:59 AM EDT
[#18]
Quoted:

Quoted:
Peter Schiff, here is why a lot of people laugh when they here that name.  Although I agree that Ryan's plan doesn't go far enough. to slash $$$.  (People still aren't talking about how an improving economy with tax reform would actually increase .gov revenues)

On the flip side a lot of people laugh when they read stuff like what you just  posted.  


Please point to where I was wrong.  As you well know I have a terrible financial education.

The part about Sky is falling Shiff, or the part about how know one talks about easing .gov taxes and regulations, and that will actually be the only way create higher tax revenues over time.
Link Posted: 8/18/2012 11:19:10 AM EDT
[#19]



Quoted:



Quoted:




Quoted:

And what does he say about the democrat's budget?  Oh wait, it's hard to criticize something that doesn't exist.


The Democrats plan is out-of-this-world stupid; but let's face facts, the Republicans isn't much better.

 




So who are you going to vote for?


Oh, BURN!  



 
Link Posted: 8/18/2012 11:20:48 AM EDT
[#20]
Paul Ryan's budget destroys itself.




 
Link Posted: 8/18/2012 11:21:17 AM EDT
[#21]

Maybe we should all join a Canadian forum and talk shit about their politicians and their issues.  
Link Posted: 8/18/2012 11:21:33 AM EDT
[#22]
So, Ryan's "radical" budget, isn't radical enough?
 
Link Posted: 8/18/2012 11:22:19 AM EDT
[#23]
Quoted:
So, Ryan's "radical" budget, isn't radical enough?  


There's nothing "radical" about it.
Link Posted: 8/18/2012 11:22:35 AM EDT
[#24]



Quoted:


So, Ryan's "radical" budget, isn't radical enough?  


Can anyone with a straight face call a budget that doesn't get balanced in 28 years, radical?

 
Link Posted: 8/18/2012 11:22:46 AM EDT
[#25]



Quoted:




Maybe we should all join a Canadian forum and talk shit about their politicians and their issues.  



this. canada is obviously leaps and bounds better than the US.



 
Link Posted: 8/18/2012 11:23:54 AM EDT
[#26]
This thread reminds me...  I've overdue for a prostate exam.
Link Posted: 8/18/2012 11:23:57 AM EDT
[#27]
Paul Ryan's plan is almost child like.  It truly displays his inexperience and lack of comprehension of how basic things work.  Congress is a fat retarded child with ADHD.  28 year plan is just silly.

Yet many will give him credit for trying to do 'something' much like a child's finger painting on a refrigerator door.
Link Posted: 8/18/2012 11:24:12 AM EDT
[#28]
Quoted:

Maybe we should all join a Canadian forum and talk shit about their politicians and their issues.  


We would have to care enough about Canada to do that, so therefore it'll never happen.
Link Posted: 8/18/2012 11:24:20 AM EDT
[#29]
Quoted:The Democrats plan is out-of-this-world stupid; but let's face facts, the Republicans isn't much better.
 


I agree with Target.

Link Posted: 8/18/2012 11:25:04 AM EDT
[#30]
Quoted:

Quoted:
Quoted:

Quoted:
And what does he say about the democrat's budget?  Oh wait, it's hard to criticize something that doesn't exist.




The Democrats plan is out-of-this-world stupid; but let's face facts, the Republicans isn't much better.
 


So who are you going to vote for?

Oh, BURN!  
 



It's a simple question.  Romney or Obama, which one gets your vote.  I figure a man who obviously knows so much about American politics has made a choice by now, so please grace us with your thoroughly educated decision.
Link Posted: 8/18/2012 11:25:13 AM EDT
[#31]
I talk about US politics on a US board, and Canadian politics on a Canadian board.



What the fuck is so hard to understand about this?



Stop posting if you can't stay on topic.  THANKS.  


 
Link Posted: 8/18/2012 11:25:26 AM EDT
[#32]



Quoted:


So, Ryan's "radical" budget, isn't radical enough?  


No one would dare to tackle the budget like Ryan has.  He is putting out a less than Draconian budget plan that is at least palatable to the voter and to Cngress, who are a bunch of scared children when it comes to even talking about cutting the three things that are killing us, SS, Medicare, and Welfare.  



So STFU to that ass, lets see the Dem plan...  Oh, wait, there isn't one.  Just keep printing more money...

 
Link Posted: 8/18/2012 11:26:51 AM EDT
[#33]
Peter Schiff

I don't know how he makes an existence down there in Fairfield County CT.  Those people don't fall for his schtick.
Link Posted: 8/18/2012 11:26:55 AM EDT
[#34]
Quoted:

Quoted:
And what does he say about the democrat's budget?  Oh wait, it's hard to criticize something that doesn't exist.




The Democrats plan is out-of-this-world stupid; but let's face facts, the Republicans isn't much better.
 


Thanks for sharing...

I know, we are kinda fucked either way... The blinded public will decide our future...

The question, as stated MANY times on this site is this... Which is the lesser of two evils?
Link Posted: 8/18/2012 11:27:07 AM EDT
[#35]





Quoted:





Quoted:
Quoted:




Quoted:
Quoted:


And what does he say about the democrat's budget?  Oh wait, it's hard to criticize something that doesn't exist.



The Democrats plan is out-of-this-world stupid; but let's face facts, the Republicans isn't much better.


 






So who are you going to vote for?



Oh, BURN!  


 

It's a simple question.  Romney or Obama, which one gets your vote.  I figure a man who obviously knows so much about American politics has made a choice by now, so please grace us with your thoroughly educated decision.





Romney, obviously, if I could.





That being said, the "Republican solution" doesn't go far enough; that's what I'd like to point out.





 
Link Posted: 8/18/2012 11:27:21 AM EDT
[#36]
Quoted:

Quoted:
So, Ryan's "radical" budget, isn't radical enough?  

No one would dare to tackle the budget like Ryan has.  He is putting out a less than Draconian budget plan that is at least palatable to the voter and to Cngress, who are a bunch of scared children when it comes to even talking about cutting the three things that are killing us, SS, Medicare, and Welfare.  

So STFU to that ass, lets see the Dem plan...  Oh, wait, there isn't one.  Just keep printing more money...    


Exactly.

As much as I would love for a very radical plan to get passed, it'll NEVER happen.  We have to start somewhere and Ryan's plan is a good place to start.


Link Posted: 8/18/2012 11:28:31 AM EDT
[#37]



Quoted:





Quoted:

So, Ryan's "radical" budget, isn't radical enough?  


No one would dare to tackle the budget like Ryan has.  He is putting out a less than Draconian budget plan that is at least palatable to the voter and to Cngress, who are a bunch of scared children when it comes to even talking about cutting the three things that are killing us, SS, Medicare, and Welfare.  



So STFU to that ass, lets see the Dem plan...  Oh, wait, there isn't one.  Just keep printing more money...    


I agree totally. Ryan's plan is a gentle nudge in the right direction. What's scary is that its freaking folks out.





 
Link Posted: 8/18/2012 11:29:16 AM EDT
[#38]
Quoted:
Paul Ryan's plan is almost child like.  It truly displays his inexperience and lack of comprehension of how basic things work.  Congress is a fat retarded child with ADHD.  28 year plan is just silly.

Yet many will give him credit for trying to do 'something' much like a child's finger painting on a refrigerator door.


The sad thing is that his plan is still considerably better than what has been offered by most of his colleagues in Congress.  No one wants to cut.  Ryan doesn't want to do what is necessary, but he's willing to make more cuts than almost anyone else.  There needs to eb a huge amount of change in the House and Senate before anything can get done.  And honestly, if something better than Ryan's plan passed both Houses and Romney were President, I'd expect him to veto such a bill.
Link Posted: 8/18/2012 11:30:04 AM EDT
[#39]
Quoted:
I talk about US politics on a US board, and Canadian politics on a Canadian board.What the fuck is so hard to understand about this?

Stop posting if you can't stay on topic.  THANKS.  
 


Link Posted: 8/18/2012 11:31:25 AM EDT
[#40]
It is funny (tragic?) that people think that "balancing the budget" is ever a part of the planning for a debt based currency.
Link Posted: 8/18/2012 11:34:03 AM EDT
[#41]



Quoted:



Quoted:

I talk about US politics on a US board, and Canadian politics on a Canadian board.What the fuck is so hard to understand about this?



Stop posting if you can't stay on topic.  THANKS.  

 






You're raising the BS flag on me regarding posting on other forums?  



Weak accusation is pretty fucking weak.



 
Link Posted: 8/18/2012 11:37:48 AM EDT
[#42]
Quoted:
Quoted:

Quoted:
And what does he say about the democrat's budget?  Oh wait, it's hard to criticize something that doesn't exist.




The Democrats plan is out-of-this-world stupid; but let's face facts, the Republicans isn't much better.
 


So who are you going to vote for?


WIth our current voting laws? Whoever he wants too...
Link Posted: 8/18/2012 11:43:06 AM EDT
[#43]
Quoted:
I talk about US politics on a US board, and Canadian politics on a Canadian board.

What the fuck is so hard to understand about this?

Stop posting if you can't stay on topic.  THANKS.  
 


What the fuck is so hard to understand that some people don't give a fuck what you or any other foreigner thinks? Our shit sucks and we know it.
Link Posted: 8/18/2012 11:44:46 AM EDT
[#44]
Quoted:

Quoted:
And what does he say about the democrat's budget?  Oh wait, it's hard to criticize something that doesn't exist.




The Democrats plan is out-of-this-world stupid; but let's face facts, the Republicans isn't much better.
 


and your canadien opinion matters why?
Link Posted: 8/18/2012 11:44:48 AM EDT
[#45]
A 27 year plan is better than one that has increased our debt by 50% in less than 4 years.
Link Posted: 8/18/2012 11:44:55 AM EDT
[#46]

 
Link Posted: 8/18/2012 11:46:20 AM EDT
[#47]
Soylent Green.     Its the only solution.
Link Posted: 8/18/2012 11:46:38 AM EDT
[#48]
Quoted:
A 27 year plan is better than one that has increased our debt by 50% in less than 4 years.


Exactly this.

The Ryan plan is two things in my mind. A point of departure on the discussion of a real plan, and a great means to demonstrate the Democrats are only interested in driving this country into the ground.

Schiff appears too stupid to see either of these two obvious elements.

Link Posted: 8/18/2012 11:48:07 AM EDT
[#49]
Quoted:
Quoted:

Quoted:
And what does he say about the democrat's budget?  Oh wait, it's hard to criticize something that doesn't exist.




The Democrats plan is out-of-this-world stupid; but let's face facts, the Republicans isn't much better.
 


So who are you going to vote for?


I bet I can guess, either he is a troll for the DU or he is voting for the Crazy Unckle.   Edit: sorry I just noticed where he is posting from.
Link Posted: 8/18/2012 11:48:44 AM EDT
[#50]










 
 
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