Saturday, August 11, 2012

Ryanomics = Romneyomics

5 Things Paul Ryan Actually Believes:
  1. Really believes in ending Medicare as we know it
  2. Really believes in ending Medicaid as we know it
  3. Really pushed for privatizing Social Security
  4. Really would decimate government funding to the point of failure to perform routine operations
  5. Really wants to enact the biggest transfer of wealth in modern US history--from the middle-class and poor to the rich
Read more about these 5 items at the link

David Axis-of-Evil Frum (W's speechwriter) maps Ryan's Plan out for us:
  • He's wrong to believe that today's economic problems are caused by fears of tomorrow's debts. Ryan's plan implies a promise that we can create jobs in 2013 by restraining Medicare costs after 2023. That's ideology talking, not economics.
  • He's wrong to say that the US faces an imminent debt crisis. Today's big deficits are the consequence, not the cause, of the weak economy.
  • He's wrong to treat the Medicare cost problem in isolation from other aspects of the healthcare cost problem. You can't force healthcare costs down generally by dealing with Medicare alone. And if you do deal with Medicare alone, you risk stranding seniors with inadequate resources as healthcare inflation continues to rage.
  • He's wrong to bet the house on premium support without any certainty that it will work. We 
  • should test whether this idea will deliver as promised. (Calling Jim Manzi, author of the new book about the need for public-policy testing, Uncontrolled!)
  • Above all: Paul Ryan is wrong, wrong, wrong to imagine that a society can deal with rising social-insurance costs while entirely exempting Republican-voting age cohorts and without asking for anything from its richest people—in fact while simultaneously delivering those people a huge tax cut.
  • Read more: David Frum - What's Right and Wrong in the Ryan Plan - The Daily Beast (8/11/2012) http://bit.ly/Sa3DfV

Top 10 Ways Ryan Budget Hurts the Middle Class
  1. It caters to the 1 percent. 
  2. It ends Medicare as we know it. 
  3. It eliminates the health care safety net. 
  4. It increases unemployment. 
  5. It threatens our economic competitiveness. 
  6. It showers money on Big Oil. 
  7. It devastates Social Security. 
  8. It shortchanges K–12 education. 
  9. It shortchanges higher education. 
  10. It ignores the wishes of the American people.
Read more at: Center for American Progress: Top 10 Ways the Ryan Budget Hurts the Middle Class - (3/21/2012)
12 Things You Should Know About Vice Presidential Candidate Paul Ryan
(8/11/2012) http://bit.ly/R06n4x
  1. Ryan embraces the extreme philosophy of Ayn Rand. 
  2. Ryan wants to raises taxes on the middle class, cut them for millionaires. 
  3. Ryan wants to end Medicare, replace it with a voucher system. 
  4. Ryan thinks Social Security is a “ponzi scheme.”
  5. Ryan’s budget would result in 4.1 million lost jobs in 2 years. 
  6. Ryan wants to eliminate Pell Grants for more more than 1 million students.
  7. Ryan supports $40 billion in subsides for big oil. 
  8. Ryan has ownership stakes in companies that benefit from oil subsidies .
  9. Ryan claimed Romneycare has led to “rationing and benefit cuts.”
  10. Ryan believes that Romneycare is “not that dissimilar to Obamacare.” 
  11. Ryan accused generals of lying about their support for Obama’s military budget. 
  12. Ryan co-sponsored a “personhood” amendment, an extreme anti-abortion measure.
__________________
Reading list:
  • Reaganomics creator, David Stockman - Paul Ryan’s Fairy-Tale Budget Plan - NYTimes.com (8/13/2012) http://nyti.ms/QyEPNh
    • Thirty years of Republican apostasy — a once grand party’s embrace of the welfare state, the warfare state and the Wall Street-coddling bailout state — have crippled the engines of capitalism and buried us in debt. 
  • Five Things to Know about Paul Ryan's Plan: The Public has little idea how radical Romney's VP pick is. Here's what you need to know about his vision for the country. - The American Prospect (8/13/2012)  http://bit.ly/SeEcdd
  • Jonathan Chait - The Legendary Paul Ryan -- New York Magazine - (4/29/2012) http://bit.ly/JUhKqt
  • Ryan Lizza - Paul Ryan’s Influence on the G.O.P. : The New Yorker (8/6/2012) http://nyr.kr/PmBOyL
  • RT @devbost: Ryan's foreign policy credentials incl horking $350 bottles of imported Pinot Noir at French restaurants http://j.mp/OROOxP #p2
  • RT @Karoli: Paul Ryan booed at town hall meeting http://crooksandliars.com/susie-madrak/rep-paul-ryan-booed-town-hall-meeting
  • RT @DRTucker: Paul Ryan, Big Oil, and the Environment http://wp.me/prxko-40C via @dfarbe
His Economic Plan: Stinks
  • Ed.: Paul Ryan’s Cramped Vision - NYTimes.com (8/11/2012)  http://nyti.ms/Nhkelx
    • A candidate of no details — I’ll cut the budget but no need to explain just how — has named a vice-presidential running mate, Paul Ryan, whose vision is filled with endless columns of minus signs. Voters will now be able to see with painful clarity just what the Republican Party has in store for them.
  • Romney and Ryan, Back to the Failed Top-Down Policies which Crashed our Economy | FreakOutNation (8/11/2012)- http://bit.ly/MRMBRD
  • Public Opinion Snapshot: A Preview of Public Opinion on the New Ryan Budget (8/12/2012) http://bit.ly/NsdeP9
    • the Kaiser Foundation recently asked the public whether “Medicare should continue as it is today, with the government guaranteeing seniors health insurance and making sure that everyone gets the same defined set of benefits” or “Medicare should be changed to a system in which the government would guarantee each senior a fixed amount of money to put toward health insurance. Seniors would purchase that coverage either from traditional Medicare or from a list of private health plans.” By an overwhelming 70-25 margin the public chose the former option, which is traditional Medicare, over the Ryan plan’s premium support model.
    • Mr. Ryan responded that he was helping the poor by eliminating their dependence on the government. And yet he has failed to explain how he would make them self-sufficient — how, in fact, a radical transformation of government would magically turn around an economy that is starving for assistance. At a time when state and local government layoffs are the principal factor in unemployment, the Ryan budget would cut aid to desperate governments by at least 20 percent, far below historical levels, on top of other cuts to mass transit and highway spending.
    • Those are the kinds of reductions voters of all income levels would actually feel. People might nod their heads at Mr. Romney’s nostrums of smaller government, but they are likely to feel quite different when they realize Mr. Ryan plans to take away their new sewage treatment plant, the asphalt for their streets, and the replacements for retiring police officers and firefighters.
    • All of this will be accompanied, of course, by even greater tax giveaways to the rich, and extravagant benefits to powerful military contractors. Business leaders will be granted their wish for severely diminished watchdogs over the environment, mine safety and food quality.
  • Krugman blog: Galt / Gekko 2012 - NYTimes.com (8/11/2012) http://nyti.ms/MRL8up
  • Center for American Progress: Top 10 Ways the Ryan Budget Hurts the Middle Class - (3/21/2012) http://bit.ly/QQBEVu
  • Wendell Potter - OPINION: Rep. Ryan's budget plan is a "Path to the Poorhouse" | iWatch News by The Center for Public Integrity (8/11/2012) http://bit.ly/QQyp08
  • Paul Ryan's Multiple Unicorns - NYTimes.com - Krugman (4/6/2011) http://nyti.ms/eFWGKg
Deficit Hawk? 
On Romney's Choice of Ryan (the politics, optics etc)
Hypocrite

 Ryan and The Safety Net (Social Security, Medicare etc)
Ayn Rand and Paul Ryan
Bad on women's issues
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