By
Diane Sweet from Crooks and Liars
republished
by Paddy Ryan
Robert
Reich breaks down the Romney-Ryan economic plan into 5 measures that
all spell disaster for America.
1.
More unemployment through austerity measures.
2.
Taking from the poor to give to the rich. Higher federal taxes on
lower income taxpayers, slashing medicaid, food stamps, and
children's health care in order to give up to a $500k tax cut to
millionaires and billionaires.
3.
Turns Medicare into vouchers that won't keep up with the rising cost
of health care and shifting the burden onto seniors, ending their
guaranteed health care, and leaving them at the mercy of private
insurers. By contrast, Obama's Affordable Care Act saves money on
Medicare by reducing payments to providers such as hospitals and drug
companies.
4.
Add money to defense spending. The plan would add money to defense
spending while cutting spending on education, infrastructure, and
basic research and development.
5.
Debt: The Romney-Ryan budget doesn't even reduce the federal budget
deficit. While adding to military spending, giving tax cuts to the
rich, and stifling economic growth by cutting spending too early, the
plan would push public debt to over 175% by 2050.
No
wonder Mitt Romney doesn't want to talk about his budget until after
the
election!
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