Read the entire article ...............
http://www.latimes.com/business/la-fi-hiltzik-20120815,0,1949780.column
http://www.latimes.com/business/la-fi-hiltzik-20120815,0,1949780.column
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Paul Ryan's budget plan would destroy the middle class
- Thread starter Crabtownboy
- Start date
It appears you did not read the article. Read it.
So let the rich and super rich pay more and help us out!
Oh, and read the article this time. I know, it will take a few minuted, but you have the time.
I read it...
The OPINION PIECE is based on three false assumptions.
That the elimination of a bunch of tax deductions not in Ryan's proposal would happen...
That private insurance is not as good as the current dying Medicare system - which Obama cut by $700,000,0000 in real dollars by the way...
That smaller future increases in spending are "CUTS"...
Sorry, but the OP is garbage.
The OPINION PIECE is based on three false assumptions.
That the elimination of a bunch of tax deductions not in Ryan's proposal would happen...
That private insurance is not as good as the current dying Medicare system - which Obama cut by $700,000,0000 in real dollars by the way...
That smaller future increases in spending are "CUTS"...
Sorry, but the OP is garbage.
saturneptune
New Member
The Democrats will use the Ryan budget to scare senior citizens out of their wits, to carry states like Florida. It could have some impact if not for one factor. When one compares the Democratic nominee and office holder of Vice-President to Ryan, Ryan looks like a great orator. If Obama had any sense, he would get himself a VP that can use the English languague in a way that garners votes, not material for comedy routines. This is the same guy who ran for President in 1988, and had so little imagination for ideas, that he stole a speech from a British politician, and dropped out of the race.
Several things to keep in mind, VPs do not effect elections much either way. Two, why does everyone think that Ryan can change anything as VP. They have no power. That assumes Romney is elected even at that, a very uncertain assumption. Finally, even if Ryan was king for a day, he has said those 56 and above would see no change.
When SS was passed into law, the government spent money to tell citizens that this was NOT a means of retiring in and of itself. It was a supplement. All one has to do is look around today and see that almost no one listened. Everyone is reponsible for their own retirement. If one went on vacation after vacation, bought car after car, house after house, and have no retirement, then that is their problem, not mine.
Actually, if one looks at the Ryan plan, even those under 55 will not see much impact. Mostly, this will effect those who are now children, not born,or are very young adults.
The problem is perception. Seniors to a large degree will listen to the shrill ads and speeches that are coming from Obama, and his faithful sidekick Biden. You know, Biden, that says we are all going to be in chains.
Several things to keep in mind, VPs do not effect elections much either way. Two, why does everyone think that Ryan can change anything as VP. They have no power. That assumes Romney is elected even at that, a very uncertain assumption. Finally, even if Ryan was king for a day, he has said those 56 and above would see no change.
When SS was passed into law, the government spent money to tell citizens that this was NOT a means of retiring in and of itself. It was a supplement. All one has to do is look around today and see that almost no one listened. Everyone is reponsible for their own retirement. If one went on vacation after vacation, bought car after car, house after house, and have no retirement, then that is their problem, not mine.
Actually, if one looks at the Ryan plan, even those under 55 will not see much impact. Mostly, this will effect those who are now children, not born,or are very young adults.
The problem is perception. Seniors to a large degree will listen to the shrill ads and speeches that are coming from Obama, and his faithful sidekick Biden. You know, Biden, that says we are all going to be in chains.
Liberals do not have any other song.
A quote I just read yesterday from Thomas Sowell answers the OP.
"A careful definition of words would destroy half the agenda of the liberal left and scrutinizing evidence would destroy the other half."
If only Crabby would apply even 1/2 this advice, at least 95% of his OPs would dissappear.
(Oh the joy of a return to common sense!! ---- I CAN dream, can't I?
raying
"A careful definition of words would destroy half the agenda of the liberal left and scrutinizing evidence would destroy the other half."
If only Crabby would apply even 1/2 this advice, at least 95% of his OPs would dissappear.
(Oh the joy of a return to common sense!! ---- I CAN dream, can't I?
raying
The article is an opinion piece. It makes statements that are not necessarily true. To wit,
The only way to do so [cut taxes] while keeping overall tax revenues at 19% of gross domestic product, Ryan's stated goal, is to eliminate a wide range of tax breaks. On the surface, this might look palatable to a middle-class taxpayer convinced that the fat cats get all the breaks anyway. In fact, the most popular breaks save billions for the middle class.
The author then goes on to say that the mortgage tax deduction would be eliminated, something that is conjecture.
The goal is to bring the budget into balance while reducing the national debt. There is nothing magic about tax revenues staying at 19% of GDP. And eliminating tax breaks is not the only way to achieve this goal. Spending cuts could be implemented to achieve budgetary needs. Economic growth via more employment could bring in more tax revenues without needing to cut middle class tax breaks.
One thing I did agree on in this opinion piece is the treatment of inflation calculations as it relates to the value of the proposed Medicare vouchers. It would be wrong to tie the value of Medicare vouchers to general inflation rather than the rate of medical inflation. Over time the Medicare vouchers would not keep up with medical inflation and more and more out-of-pocket money would be used to pay for medical expenses.
The only way to do so [cut taxes] while keeping overall tax revenues at 19% of gross domestic product, Ryan's stated goal, is to eliminate a wide range of tax breaks. On the surface, this might look palatable to a middle-class taxpayer convinced that the fat cats get all the breaks anyway. In fact, the most popular breaks save billions for the middle class.
The author then goes on to say that the mortgage tax deduction would be eliminated, something that is conjecture.
The goal is to bring the budget into balance while reducing the national debt. There is nothing magic about tax revenues staying at 19% of GDP. And eliminating tax breaks is not the only way to achieve this goal. Spending cuts could be implemented to achieve budgetary needs. Economic growth via more employment could bring in more tax revenues without needing to cut middle class tax breaks.
One thing I did agree on in this opinion piece is the treatment of inflation calculations as it relates to the value of the proposed Medicare vouchers. It would be wrong to tie the value of Medicare vouchers to general inflation rather than the rate of medical inflation. Over time the Medicare vouchers would not keep up with medical inflation and more and more out-of-pocket money would be used to pay for medical expenses.
Got it in one!:thumbs:
The "middle class" has become a social fiction which allows snotty better paid workers to look down on blue collar workers. Our owners have decided to put you back in your place.
Yes, R&R are tired of your arrogance. Step one is described below.
http://www.alternet.org/election-20...2cFj&rd=1&src=newsletter693814&t=1&paging=off
Yes, R&R are tired of your arrogance. Step one is described below.
http://www.alternet.org/election-20...2cFj&rd=1&src=newsletter693814&t=1&paging=off
Zaac
Well-Known Member
So why does this story specify that Obama didn't take a red cent out of Medicare BENEFITS? Did it still come from the Medicare pool of dollars?
Romney's effective tax rate would be zero . . . .
from
http://www.theatlantic.com/business...ercent-in-taxes-under-paul-ryans-plan/261027/
Under Paul Ryan's plan, Mitt Romney wouldn't pay any taxes for the next ten years -- or any of the years after that. Now, do I know that that's true. Yes, I'm certain.
Well, maybe not quite nothing. In 2010 -- the only year we have seen a full return from him -- Romney would have paid an effective tax rate of around 0.82 percent under the Ryan plan, rather than the 13.9 percent he actually did. How would someone with more than $21 million in taxable income pay so little? Well, the vast majority of Romney's income came from capital gains, interest, and dividends. And Ryan wants to eliminate all taxes on capital gains, interest and dividends.
from
http://www.theatlantic.com/business...ercent-in-taxes-under-paul-ryans-plan/261027/
Under Paul Ryan's plan, Mitt Romney wouldn't pay any taxes for the next ten years -- or any of the years after that. Now, do I know that that's true. Yes, I'm certain.
Well, maybe not quite nothing. In 2010 -- the only year we have seen a full return from him -- Romney would have paid an effective tax rate of around 0.82 percent under the Ryan plan, rather than the 13.9 percent he actually did. How would someone with more than $21 million in taxable income pay so little? Well, the vast majority of Romney's income came from capital gains, interest, and dividends. And Ryan wants to eliminate all taxes on capital gains, interest and dividends.
>So why does this story specify that Obama didn't take a red cent out of Medicare BENEFITS? Did it still come from the Medicare pool of dollars?
I passed an accounting course but not by much. Learned just enough to know that the US government has never kept an honest set of books, not by GAAP standards.
I passed an accounting course but not by much. Learned just enough to know that the US government has never kept an honest set of books, not by GAAP standards.