Wednesday, April 13, 2011

Paul Ryan's Budget Proposal

Below is a copy of Paul Ryan's budget proposal for 2012. His goal is to pay off our debt over the next decade, so I thought it was pretty relevant to our discussion Tuesday and likely next week as well. Check out the tax cuts and medicare cuts. Opinions?

http://paulryan.house.gov/UploadedFiles/PathToProsperityFY2012.pdf
Posted by at

3 comments:

  1. EMeisheApril 14, 2011 at 8:21 PM

    I looked specifically at the comparison table and I thought it did not just focus on facts, it was filled with political rhetoric. I guess this is pretty common in the political arena but I don't think it is the best way to compare ideas and plans based on their merits.
    I like the idea of stringent spending cuts in the deal but I don't see how we can get by without more tax revenue. Ignoring the option of imposing some taxes is taking away a powerful tool that we could use to work on the deficit.

    ReplyDelete
  2. RichardApril 15, 2011 at 7:14 AM

    It's robbing Peter to pay Paul. He will make the Bush tax cuts permanent saving the upper 1% millions, but will cut Medicare, et.al. and other essential services to the rest of us. Privatizing medicare will only make costs go up. There isnt enough real competition to ensure decreasing rates. Small insurance companies will be swallowed up by the few large conglomerates, effectively creating an oligopoly.

    ReplyDelete
  3. EMeisheApril 17, 2011 at 4:57 PM

    I agree with Richard. This is one of those time where theoretically speaking we could count on competition to protect consumers. But with increasing complexity of different insurance plans it could be difficult for people to choose the one that fits them best. Then there is also the issue Richard pointed out with the consolidation of the industry. This is similar with what happened to the banking and financial sector.

    ReplyDelete

Subscribe to: Post Comments (Atom)