Excellent choice!
Actually don't you think he picked someone like Ryan to stack the deck in the GOP's favor since the economy is far and away the biggest issue of the election?
Pick two economic minded guys...that to me says we're serious about fixing the economy and that will be the focus from day 1.
Oh man...cannot WAIT to see Biden try and debate Ryan. That's going to be classic!
You forget how it works.
What he's calling for is the government to grow by $5 trillion less than it's projected to grow. There are no actual cuts in the budget.
If I spend $100,000 this year, and plan to spend $120,000 next, but then spend $115,000, I have not made a $5,000 "cut in spending," I grew my spending by $15,000. That is Paul Ryan's plan in a nutshell, and both sides are happy to continue the fiction that they are genuine cuts. The Dems, to scare their base, and the GOP to pretend they are serious about balancing the budget.
That would be nice, if he can get it passed.It also calls for reducing the corporate tax rate by 10 percentage points to 25% and for instituting two individual tax brackets...10% and 25%.
I didn't forget how it works. I said "cut gov't spending" by 5 trillion. That's exactly what his plan calls for. I didn't say reduce the size of the current gov't by that amount.
Would you rather the spending cuts not take place or would you rather know the gov't is spending 5 trillion less over the next 10 years?
Stella - my best girl ever.
11/04/1994 - 12/23/2010
Don't wanna get shot by the police?
"Stop Resisting Arrest!"
5 trillion over 10 years is 500 billion
our deficit (without counting medicare/medicaid/ss) is over 1.3 trillion a year.
and of course, since it's over 10 years, there will be nothing the first 3 or 4 years and all backloaded, which will never happen.
it's a nice plan, but not only will it not pass, it's not even close to being enough.
the word you are looking for is doomed.
Brian H
Longmont CO
"I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do."
Stella - my best girl ever.
11/04/1994 - 12/23/2010
Don't wanna get shot by the police?
"Stop Resisting Arrest!"
I see Pancho is picking up my slack here.
Carry on.
I would rather genuine cuts take place than the nothing that is this promise.
I don't believe anything a politician says that he doesn't immediately do, and "I promise we'll grow it a little less fast over 10 years" is complete and utter bullshit. It's not happening, it's just a nice little fantasy to wave at fiscal conservatives.
We're driving off a cliff either way, reducing the speed by 5mph doesn't materially change where we're going. Get back to me when a serious politician pops up instead of someone playing at being fiscally responsible.