Wonkette read Speaker Ryan/Trump supporter’s economic plan

paul-ryan-did-a-beefcake-photo-shoot-and-its-the--1-16008-1349971706-12_bigSo you won’t have to.

Here. Read Ryan’s “A Better Way” for yourself. I promise it won’t take long.

Do you think Speaker Ryan’s website was hacked?Because why else would there be so many holes in it?

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  1. So did CBPP. “The [Ryan/GOP] Plan is Seriously Flawed”:

    The budget plan that the House Budget Committee’s GOP majority approved in March would cut programs for low- and moderate-income Americans by a startling $3.7 trillion over ten years — targeting those programs for 62 percent of the plan’s budget cuts.  Under that budget, 42 percent of all federal resources for low-income programs would disappear by 2026.  In addition, “side-car” legislation with specific cuts in various domestic programs, which Speaker Ryan has embraced to try to secure House passage of the budget, would get 87 percent of its cuts from low-income programs.

    The Trump Plan?

    Based on Tax Policy Center estimates, the Trump plan would lose $9.2 trillion in revenue over ten years, shrinking revenues as a share of the economy to levels not seen since 1950 — before programs like Medicaid, Medicare, SNAP (food stamps), and the Earned income Tax Credit (EITC) even existed — and necessitating extremely large additional budget cuts to avoid exploding the deficit.

    A reconciliation of those two plans is what we can expect from the Republicans. Considering the fact they’ve got practically everything they’ve asked for during the last 71/2 years, I don’t see any reason to expect anything else, regardless of who wins The White House.

    We haven’t seen much substantive coverage of the Obama Budget. Mostly because with all the politicking going on, nobody is out there trying to sell it. More from CBPP:

    President Obama is proposing a surprisingly ambitious budget that would make progress — in some cases modest, in others large — in various areas in which policy sclerosis has prevented the nation from addressing significant problems.  It would expand opportunity, especially for children; reform various programs and tax incentives to make them more effective; and help large numbers of middle- and low-income families while scaling back inefficient tax shelters that mainly benefit those at the top. 

    And it’s going to cost $4.1trillion dollars. As of March.

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