Wednesday, March 21, 2012

Paul Ryan's Budget

The unemployment rate when bush left office was ~8%. Because of bush and republican failed economics and tax breaks and two unfunded wars and $11 trillion debt and $1.3 trillion deficit and all their deregulation and the housing market crashed ( caused by republican deregulation) right as bush was leaving, the country went to a recession. That is why in in late 2008 and early 2009 the unemployment rose to over 11% (because of the policies of bush and the republicans). Then Obama passed his stimuli packages (with much GOP pessimism) resulting in an over 2.3% unemployment reduction from 2010 -2011. So here we are today still alive and the world has not come to an end. We are no longer in a recession and certainly not in a depression in which Bush and republicans were taking us.

THE MATH:
The debt now is at $15 trillion because of the $1.3 trillion deficits George Bush left Obama. Multiply $1.3 trillion by three years (republicans not cooperating and filibustering and purposeful ruining of the country) and you get $4 trillion more debt as of 2008-2011.
So if you add $11 trillion Bush left Obama +++++ $4 trillion due to the $1.3 trillion multiplied by three years of republican obstruction and not want ting to raise taxes on their rich donors (like it already was under Clinton best economy ever) you get the magic number $15 trillion.

CONCLUSION:

Conclusion: Obama paid the bills republican failed economics left him. So he is the responsible one and the republicans are the cause of our debt problems.
The country is getting better but not fast enough due to republicans and republicans voting in more of the same bad people. If Americans want a depression then vote republican. If progress is desired then democrat should be your vote. REPUBLICAN = DEPRESSION, DEMOCRAT = PROGRESs.
I know this is an over simplication. It was meant to be. Sometimes things need to be explained in a simple manner because of their complexity.
This morning on Morning know it all, I mean Morning Joe, an economist compared charts to explain both Obama’s and Paul Ryan’s deficit reduction plans. Ryan plans on reducing taxes on the wealthy more while cutting Government and veteran’s retirement. He also wants to reduce food stamps and both Medicare and Medicaid payments. His plan will reduce the deficit by 5.4 trillion over 10 years.
Obama’s plan will get rid of the Bush tax plans while cutting much less from programs that hurt veterans and the poor. The expert pointed out that President Obama’s plan actually reduced the debt a little more than Ryan’s while hurting the poor much less while Ryan’s plan would hurt only the poor. Joe just laughed and laughed and called his presentation spin. He would not allow the economist speak anymore and moved onto a new segment. I remember when Mika’s father was on and after listening to one of Joe’s rants said “You know you have such a stunningly superficial knowledge of what went on that it's almost embarrassing to listen to you

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