Thursday, April 14, 2011
Our Own Paul Ryan
It is good to see one of our own garnering all of the media attention. The problem is that his plan for the future would be disastrous for the country. Okay, it cuts $4 trillion in spending, it reduces revenue collections (tax cuts) by almost an equal amount. He leaves defense alone at $724 billion. This is more money than any other country spends and it certainly more than the guys that we are fighting spend. What it does cut is everything else including the taxes of the wealthiest Americans. The thinking has got to be that we have had these tax cuts for 10 years and they have not created jobs in fact the opposite happened with the recession in 2008, the bank collapse, and the housing market collapse so we need to give them even more of a break. Wait hasn't the amount of money available to the top 2% of Americans increased exponentially but yet they won't hire people. Interesting, a thinking person would say that the tax cuts didn't work, but not Paul Ryan he says we need more. We also need less help for people who have not shared in the concentration of wealth. It is really too bad that Milton Friedman didn't live to see his policies enacted in the US. You would have thought that we would have learned something from South America.