tag:blogger.com,1999:blog-3590628055918372867.post9123405858221814791..comments2023-03-10T03:23:19.853-05:00Comments on Bozat's BarcaLounge: Rep. Ryan's Magic BeanstalkBozat, The Laughing Prophethttp://www.blogger.com/profile/10798722678204971908noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3590628055918372867.post-42787608902040183302011-04-09T14:47:16.443-04:002011-04-09T14:47:16.443-04:00'Courageous' and 'serious' are not...'Courageous' and 'serious' are not the words that come to mind as I consider Rep. Ryan's long term budget plan. 'Ridiculous' and 'unfair' seem better adjectives.<br /><br />If anything, his plan is rather cowardly - in not standing up to the already out-sized, avaricious interests of his patrons on Wall Street, the boardrooms of GE, ExxonMobil, Chevron, Aetna {and the rest of the health insurance industry} & Koch Industries. A quick look at his Top 10 campaign contributors explains much, if not all, of the reason that tax cuts for business & the wealthy are on his priority list, while the bottom 60% gets to pay for them AND take a haircut on NEEDED social insurance benefits.<br /><br />'Serious' Rep. Ryan may be, like a brain-washed cult member reciting the deranged Illuminati chantings of his psychotic leader. But his plan is anything BUT serious about actually cutting the deficit and national debt. If he were 'serious', in the way that I understand the term, he wouldn't be transferring the targeted savings from cutting needed social programs to give millionaires and billionaires and too-big-to-fail Wall Street fat cats yet another tax cut.<br /><br />*****<br />Income and wealth inequality is at all-time high levels, and Rep. Ryan wants to tilt the playing field even further?<br /><br />Cutting four trillion dollars of spending that benefits largely the lower-middle class and the poor in order to give three trillion of it to the wealthiest is NOT courageous, it is outrageous. Rep. Ryan's Dickensian scrooging of the bottom 60% ~ that's most of us, folks ~ in order to benefit the tiny sliver at the very top of the income and wealth pyramid represents a massive transfer upwards.<br /><br />It is pouring gasoline on the fire.<br /><br />The Revolution is coming, my friends.<br />And it won't be brain-dead, Know Nothing Tea Partiers that bring it.<br /><br />Paul Ryan: the Reverse Robin Hood.<br /><br />Inspired by extremist Austrian school libertarians whose intellectual model rejects scientific method, thirty years of supply-side tax-cutting, deregulation, and laissez-faire free market fundamentalist policies brought us a lost decade of near zero real wage gains for virtually all except the already rich. <br /><br />Net job creation resulting from the Bush Tax Cuts has, so far (10 years now since Bush I @ 2001, and counting), amounted to negative -1.7 million. That's right: 1.7 million jobs lost during the term to date of the Bush Era Tax Cuts... compared to the 1.6 million net projected new jobs created per the Heritage Foundation's then-offered economic analysis. [Rep. Ryan ought to re-think where he directs the curious to for support; the Heritage Foundation's track record as prognosticator leaves much to be desired, unless you're already an ideological zealot.]<br /><br />These ideological pure, but empirically & demonstrably incorrect policies exacerbated the already fragile nature of modern financial capitalism, which in turn accelerated asset bubble formation cycles that risked a near 2nd Great Depression.Bozat, The Laughing Prophethttps://www.blogger.com/profile/10798722678204971908noreply@blogger.com