Text of Paul Ryan's Budget (pdf) & links to wonk commentary on it

[janedrake]

PDF: The Path to Prosperity, A Blueprint for American Renewal - Fiscal Year 2013 Budget Resolution
http://budget.house.gov/UploadedFiles/Pa...ty2013.pdf

CBO Report on Paul Ryan's Budget: PDF
http://cbo.gov/sites/default/files/cbofi...aths_2.pdf

NYT on Paul Ryan's Budget:
House GOP Lays Down Marker with New Budget Plan
http://www.nytimes.com/2012/03/21/us/pol...get&st=cse
Excerpt: Under the Ryan plan, spending would be cut $5.3 trillion below President Obama’s budget through 2022. Medicare would be shaved by $205 billion. Medicaid and other health programs would be cut $770 billion. Other entitlement programs, including welfare, food stamps, agriculture subsidies and transportation, would be cut by nearly $2 trillion. Budget experts said that last figure was so high it could only be reached by scaling back or eliminating payments to the working poor through the earned income credit.

Center on Budget Policies and Priorities on Paul Ryan's Budget:
Ryan Budget is Robin Hood in Reverse — On Steroids
http://www.cbpp.org/cms/index.cfm?fa=view&id=3712
Excerpt: The new Ryan budget is a remarkable document — one that, for most of the past half-century, would have been outside the bounds of mainstream discussion due to its extreme nature. In essence, this budget is Robin Hood in reverse — on steroids. It would likely produce the largest redistribution of income from the bottom to the top in modern U.S. history and likely increase poverty and inequality more than any other budget in recent times (and possibly in the nation’s history). It also would stand a core principle of the Bowles-Simpson fiscal commission’s report on its head — that policymakers should reduce the deficit in a way that does not increase poverty or widen inequality.

Paul Krugman on Paul Ryan's Budget:
Flim-Flam Fever
http://krugman.blogs.nytimes.com/2012/03...man&st=cse
Excerpt: (Ryan's) latest budget proposal has received some harsh critiques. It calls for huge tax cuts, supposedly offset by closing loopholes and ending tax expenditures — except that in a long report he fails to name a single tax expenditure that he would cut. It assumes drastic cuts in discretionary spending, basically eliminating everything except defense. And over the medium term, of course, it’s a plan to savage the poor while giving big tax breaks to the rich.

[janedrake]

Just kicking this, as it's more relevant than ever now.

[jaxx]

It's what they want to do to this country.....and it's all bad.

[janedrake]

That should be their motto, Jaxx - "Romney/Ryan - It's All Bad."

[azmouse]

Thanks for bringing this up again. It's information people on both sides need to read.

[janedrake]

Cheers, Azmouse.

[JeffR]

I'd grabbed the text this morning for a piece I'm writing, but the commentary links will be invaluable. Thanks for posting this!

[janedrake]

(08-11-2012 02:26 PM)JeffR Wrote:  I'd grabbed the text this morning for a piece I'm writing, but the commentary links will be invaluable. Thanks for posting this!

Glad to be of service, Jeff.