Brace For Impact: Paul Ryan Introduces New Budget

by alexvanbuskirk

Brace For Impact: Paul Ryan Introduces New Budget

By Guy Benson @ Townhall (March 20, 2012)

(1) Last month, we saw President Obama’s stab at next year’s budget.  His budget raises taxes by nearly $2 Trillion, does little to simplify the tax code, and spends $3.8 Trillion next year, a figure that jumps to $5.8 Trillion by the end of the decade.  It offers no serious ideas to rein in the biggest drivers of our debt — entitlement programs — locking America onto an unsustainable path of unpaid-for obligations.  It includes a fourth consecutive $1 Trillion-plus annual deficit, and adds $11 Trillion to the gross debt over ten years, including a net deficits expansion of $3.5 Trillion, according to CBO.  It relies on trickery, crushing tax increases, and claiming credit for already-enacted spending cuts the president strongly opposed to create the illusion of “savings.”  The president’s budget never balances.

(2) The Democrat-controlled Senate, for the third consecutive year, has chosen not to even introduce a budget — despite their statutory obligation to pass one.  1,056 days have passed since the Democratic Senate last fulfilled this duty, a task that Majority Leader Reid now calls “foolish.”  Democrats claim that last year’s temporary Budget Control Act “deemed” their budget passed.  This is not governance.  For cravenly political reasons, Senate Democrats will not offer a vision on tax rates, spending, entitlements and debt.

(3) Their lack of serious — or in the Senate’s case, any — alternatives will not dissuade Democrats from unleashing hardcore demagoguery on Paul Ryan’s 2013 Path to Prosperity.  If the past is prologue, we’ll hear shrieks about murdering grandmothers, leveling nursing homes, destroying Medicare forever, and imposing “draconian” cuts — all while lining the pockets of “the rich.”

With those refreshers and warnings firmly in place, let’s review what the new House Republican Budget actually proposes:

On Spending…

On Deficits…

On Debt…

On Taxes…

On Medicaid and Social Security…

On Medicare…

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