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[ARCHIVED THREAD] - Peter Schiff destroys Paul Ryan's budget plan (Page 4 of 4)

Posted: 8/19/2012 3:03:39 AM EST

[#1]

Quoted:

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

This + 1000

Posted: 8/19/2012 3:09:03 AM EST

[#2]

Quoted:

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

Canadian

Figures

Posted: 8/19/2012 3:47:17 AM EST

[#3]

Quoted:

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.

Lol. Tell us how your brilliant plan will work. I am sure since you are leaps and bounds smarter than Ryan and know the US fiscal matters better than him it shouldn't be too difficult.

There will not be a plan. When was the last budget approved? Has government shut down? I know were all supposed to get frightened due to lack of government when these deadlines come up but for some reason the funding always seems to be there.

This government will continue to spend until it slams into the wall.

Posted: 8/19/2012 4:53:36 AM EST

[#4]

Quoted:
This thread reminds me... I've overdue for a prostate exam.

I can relate to this. I have a bathtub that I must clean today.

Posted: 8/19/2012 4:58:02 AM EST

[#5]

Quoted:

<snip>

This government will continue to spend until it slams into the wall.

This.

Posted: 8/19/2012 5:01:59 AM EST

[#6]

Quoted:

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

This + 1000

Posted: 8/19/2012 5:05:35 AM EST

[#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.

So who are you going to vote for?

I dont think he can...

The dums will let him vote

Posted: 8/19/2012 5:10:42 AM EST

[#8]

Paul Ryan, the man who supported the trap called TARP, cannot be trusted.

(this is not an endorsement of Zero or his bedmate BigDung).

Posted: 8/19/2012 5:11:51 AM EST

[#9]

Quoted:

Quoted:

<snip>

This government will continue to spend until it slams into the wall.

This.

Exactly. Anyone who thinks that the government (or what is starting to look like the majority of the voters) is willing or able to put the brakes on this runaway isn't paying attention, or doesn't understand how the game is played. People will get away with whatever they can until they're forced to stop.

But I think the analogy is closer to driving us off of the cliff. We've already left terra firma, and we're in that free fall where we think everything's going to be okay if only because we haven't hit the ground yet. As they say, it isn't the fall the kills us, it's the sudden stop.

Posted: 8/19/2012 5:25:08 AM EST

[#10]

Since trying to build a new system using only the worn, broken parts of a system that didn't work I'm for thinking outside the box and using an ancient system that is thought too uncivilized or barbaric for America but would save it. And that is 'To the victor goes the spoils' rule. We've pretty much whooped the Middle East in the sense we can inhabit it and come and go in most all providences on our own timeline. If I were in power I'd be plugging oil wells in that moonscape as fast as they could be drilled, turning the U.S back into the richest superpower in the history of world. We paid for that country in IED casualties alone, not that some powerful countries like England would need justification to 'colonize' a 3rd World shithole.

Posted: 8/19/2012 5:25:30 AM EST

[#11]

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 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.

I beg your pardon?

I recall someone that proposed cutting a Trillion year one.

Did Ron Paul ever submit a formal budget?

He wrote a really great pamphlet where he cut everything to balance, eliminated the Fed and reinstituted the Gold Standard in two years.

Posted: 8/19/2012 5:28:14 AM EST

[#12]

Quoted:

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

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

It's a pathetic that the Democrats criticize Ryan's plan. He at least has a long-term plan to balance the budget. The Democrats (and the vast majority of Republicans/RINO's) don't have a plan other than to keep spending $1.3 Trillion dollars more than we take in. Sounds like a great plan.

Posted: 8/19/2012 5:34:23 AM EST

[#13]

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...

Why Not? Everyone else does!

Posted: 8/19/2012 5:38:57 AM EST

[#14]

I still don't understand why you all bust targettarget's balls, this thread particularly. Is there some unwritten rule where we are allowed to poke fun at all other countries, but someone who lives just across the border in Canada can't pontificate about the going's on here in the US? And, from the looks of things, Canada seems to be moving more in the right direction than we are in many aspects (they have less civil liberties and they still have government health care).

Posted: 8/19/2012 5:46:01 AM EST

[#15]

Quoted:
I never understand why Canadians care about our politics. I know quite a few number of Canadians and they always talk about our country. Why? I dont even know who your prime minister is because it doesnt matter.

No flame but read this a couple of times:

The United States is by far Canada's largest trading partner, with more than $1.7 billion CAD in trade per day in 2005. In 2009 73% of Canada's exports went to the United States, and 63% of Canada's imports were from the United States.

I'm not trying to be a dick, but the Canadian economy is critically dependent on what happens in the United States. If the U.S. president sneezes, it affects the Canadian economy.

Instead of asking why does targettarget post here so much, you should be asking why many more Canadians aren't doing so.

<––––––––––Former Canadian, now proud United States citizen.

ETA link.

ETA #2: VTHOKIESHOOTER beat me to the point.

Quoted:
I still don't understand why you all bust targettarget's balls, this thread particularly. Is there some unwritten rule where we are allowed to poke fun at all other countries, but someone who lives just across the border in Canada can't pontificate about the going's on here in the US? And, from the looks of things, Canada seems to be moving more in the right direction that we are in many aspects (they have less civil liberties and they still have government health care).

Posted: 8/19/2012 5:53:26 AM EST

[#16]

Quoted:
I still don't understand why you all bust targettarget's balls, this thread particularly. Is there some unwritten rule where we are allowed to poke fun at all other countries, but someone who lives just across the border in Canada can't pontificate about the going's on here in the US? And, from the looks of things, Canada seems to be moving more in the right direction than we are in many aspects (they have less civil liberties and they still have government health care).

I enjoy TT posts. He's smart, articulate and keeps the balls of the Neocons on this site thoroughly chapped.

Posted: 8/19/2012 6:47:38 AM EST

[#17]

http://www.cato-at-liberty.org/how-to-judge-paul-ryans-fiscal-conservatism/

Posted: 8/19/2012 6:59:26 AM EST

[#18]

Quoted:

Quoted:

<snip>

This government will continue to spend until it slams into the wall.

This.

Exactly. Anyone who thinks that the government (or what is starting to look like the majority of the voters) is willing or able to put the brakes on this runaway isn't paying attention, or doesn't understand how the game is played. People will get away with whatever they can until they're forced to stop.

But I think the analogy is closer to driving us off of the cliff. We've already left terra firma, and we're in that free fall where we think everything's going to be okay if only because we haven't hit the ground yet. As they say, it isn't the fall the kills us, it's the sudden stop.

Off-topic - ironically, the Patriot Act negated your sigline.

Posted: 8/19/2012 7:02:07 AM EST

[#19]

I'm voting Romney/Ryan, but will be laughing my ass off three days after they are sworn in and give the conservatives their first shafting.

Posted: 8/19/2012 7:02:59 AM EST

[#20]

Quoted:
I'm voting Romney/Ryan, but will be laughing my ass off three days after they are sworn in and give the conservatives their first shafting.

This, but I won't be laughing.

Posted: 8/19/2012 7:05:24 AM EST

[#21]

Quoted:
http://www.cato-at-liberty.org/how-to-judge-paul-ryans-fiscal-conservatism/

quite damning.

facts can be rather inconvenient at times...

Posted: 8/19/2012 7:10:35 AM EST

[#22]

Quoted:

Quoted:
http://www.cato-at-liberty.org/how-to-judge-paul-ryans-fiscal-conservatism/

quite damning.

facts can be rather inconvenient at times...

Sigh ... the wall, watch out for the wall.

Posted: 8/19/2012 7:14:51 AM EST

[#23]

Quoted:

Quoted:
http://www.cato-at-liberty.org/how-to-judge-paul-ryans-fiscal-conservatism/

quite damning.

facts can be rather inconvenient at times...

Sigh ... the wall, watch out for the wall.

unfortunately for most people it's "to hell with the wall, full speed ahead".

the next few years are going to be "interesting" to say the least, i pray for the good folk i know that don't have the resources i do to prepare for what's coming. there is a lot of pain ahead for many of our fellow citizens.

Posted: 8/19/2012 7:19:41 AM EST

[#24]

Quoted:
I still don't understand why you all bust targettarget's balls, this thread particularly. Is there some unwritten rule where we are allowed to poke fun at all other countries, but someone who lives just across the border in Canada can't pontificate about the going's on here in the US? And, from the looks of things, Canada seems to be moving more in the right direction than we are in many aspects (they have less civil liberties and they still have government health care).

Now, why dont you go on and have statements, and pontificate upon as I have so learned "That Japan is less free than the USA." IE " The USA is more free than Japan" all based upon gun ownership. Thats not to say to many there are alot of problems, but people proclaim that " Japan is less free than the US," and state it as fact after stating something other that is in regards to some individual. Where as, my balls are not groped at train stations, or stadiums, or that I do not provide ID to purchase alcohol nor tobacco, let alone I can in fact walk home drunk, and thats the start. But thats not the end of it, you see- These people who proclaim to have "Lived here," know so much more than someone "who continues to live here," ....

Never mind the fact that Peter is correct, because people do not understand austrian economics. Economics=math, to most. An austrian, just uses logic and goes through with it.

Posted: 8/19/2012 7:25:05 AM EST

[#25]

Quoted:

Quoted:

<snip>

This government will continue to spend until it slams into the wall.

This.

Exactly. Anyone who thinks that the government (or what is starting to look like the majority of the voters) is willing or able to put the brakes on this runaway isn't paying attention, or doesn't understand how the game is played. People will get away with whatever they can until they're forced to stop.

But I think the analogy is closer to driving us off of the cliff. We've already left terra firma, and we're in that free fall where we think everything's going to be okay if only because we haven't hit the ground yet. As they say, it isn't the fall the kills us, it's the sudden stop.

This, saddly.

Posted: 8/19/2012 7:38:35 AM EST

[#26]

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.

The Mack plan is the only one that balances the budget.

Posted: 8/19/2012 7:42:22 AM EST

[#27]

Ryan is now VP candidate. How dare anyone be critical of him!

Posted: 8/19/2012 11:33:40 AM EST

[#28]

Neither the Ryan plan nor the Mack plan will see the light of day unless we unseat the democrat party from the WH and Senate. Connie is a good man. Same team

Currently, criticizing Paul Ryan, Mitt Romney and the Republican Party, to the exclusion of no_budget_6_trillion_dollar_man Barack Obama and the democrat party, does nothing to advance that goal of unseating the democrats. Nothing.

Here's Connie Mack

"Repeal obamatax. Repeal dodd frank. Defund the UN. Repeal epa regulations etc etc. Re-Approve Keystone etc"

Posted: 8/19/2012 11:57:21 AM EST

[#29]

Quoted:

Quoted:

<snip>

This government will continue to spend until it slams into the wall.

This.

Exactly. Anyone who thinks that the government (or what is starting to look like the majority of the voters) is willing or able to put the brakes on this runaway isn't paying attention, or doesn't understand how the game is played. People will get away with whatever they can until they're forced to stop.

But I think the analogy is closer to driving us off of the cliff. We've already left terra firma, and we're in that free fall where we think everything's going to be okay if only because we haven't hit the ground yet. As they say, it isn't the fall the kills us, it's the sudden stop.

Off-topic - ironically, the Patriot Act negated your sigline.

Not off topic at all, at least in the larger picture.

King George III tried to negate the idea of my sigline, too. Tyranny didn't work for him, and I sure hope it fails again this time. Things like the Patriot Act will negate our rights only if we allow it.