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Sunday, December 6, 2015

"... Ryan clings to seven dumb ideas that are also cropping up among Republican presidential candidates."

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COMMENTS: 
*  “They will harm most Americans”  For the GOP, that's a feature, not a flaw.
*  I guess the republican states that slashed taxes and now have huge budget shortfalls and teacher shortages (among other things) aren't good enough examples of why republican economic tactics don't work...
*  Cut taxes on the wealthy and corporations, spend on the military, and screw the middle and lower classes ... it's what George W ran on, it's what Romney ran on, it's what these current GOP candidates are running on, and what our new Speaker wants to do. In other words, business as usual for the Republicans.
   *  Yes, but what's remarkable is anyone thinking the Republicans were ever any different.
*  Ryan said his party needs to hear from the people to come up with new ideas. He might start by giving up dining with lobbyists who spring for dinner and a couple of $300 bottles of wine. 
*  The problem is that working class whites DO get out to vote for the Republican thieves. They willingly vote for the very policies that make their lives far more difficult.
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Robert Reich dismantles Paul Ryan’s 7 most dangerous ideas: “They will harm most Americans”

We should be wary of the new Speaker of the House, warns the former secretary of labor. Here are a few reasons why

By Robert Reich, December 5, 2015

Yesterday, the new Speaker of the House, Paul Ryan, summed up his House Republican agenda – vowing to pursue legislation that would frame a stark choice for voters in 2016.

“Our No. 1 goal for the next year is to put together a complete alternative to the left’s agenda,” he said.

Despite the speech’s sweeping oratory and careful stagecraft, Ryan clings to seven dumb ideas that are also cropping up among Republican presidential candidates.

Here they are, and here’s why they’re dumb:

1. Reduce the top income-tax rate to 25% from the current 39%.  A terrible idea.  It’s a huge windfall to the rich at a time when the rich already take home a larger share of total income that at any time since the 1920s.

2. Cut corporate taxes to 25% from the current 35%.  Another bad idea. A giant sop to corporations, the largest of which are already socking away $2.1 trillion in foreign tax shelters.

3. Slash spending on domestic programs like food stamps and education for poor districts.  What?!  Already 22% of the nation’s children are in poverty; these cuts would only make things worse.

4. Turn Medicaid and other federal programs for the poor into block grants for the states, and let the states decide how to allocate them.  In other words, give Republican state legislatures and governors slush funds to do with as they wish.

5. Turn Medicare into vouchers that don’t keep up with increases in healthcare costs. In effect cutting Medicare for the elderly.  Another awful idea.

6.  Deal with rising Social Security costs by raising the retirement age for Social Security. Bad! This would make Social Security even more regressive, since the poor don’t live nearly as long as the rich.

7. Finally, let the minimum wage continue to decline as inflation eats it away. Wrong again. Low wage workers need a higher minimum wage.

These 7 ideas will harm most Americans. Ryan is wrong.


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