Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Ryan on Middle Class Families

Ryan on Middle Class Families

Ratings:

5.0

(1)
|Views: 14|Likes:
Published by americanbridge21

More info:

Published by: americanbridge21 on Aug 13, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

10/31/2013

pdf

text

original

 
 Jobs / Economy
Ryan Budget’s Enormous Budget Cuts Would Result In 4.1 Million Jobs Lost Through 2014.
PaulRyan
s latest budget
doesn’t just fail to address job creation, it
aggressively 
slows job growth. Against a currentpolicy baseline, the budget cuts discretionary programs by about $120 billion over the next two years andmandatory programs by $284 billion, sucking demand out of the economy when it most needs it and leading to job loss. Using a standard macroeconomic model that is consistent with that used by private- and public-sector forecasters, the shock to aggregate demand from near-term spending cuts would result in
roughly 1.3million jobs lost in 2013 and 2.8 million jobs lost in 2014, or 4.1 million jobs through 2014.
” [Economic
Policy Institute, 3/21/12 ] 
CAP: Ryan Budget Would Embrace “An Immediate Swerve Into Severe Austerity,” Undermine
 Economic Recovery.
 The Center for American Progress wrote,
“Though we’ve recently enjoyed several
months of solid job growth, our current economic recovery is by no means assured, and we still have a long  way to go to get back to full economic health. Not only does the House Republican budget plan fail topropose even a single new idea for spurring job creation, it would also force an immediate swerve into severe
austerity. It’s an economic prescription that, as Europe is finding out, will make matters much worse.”[Center for American Progress, “The 6 Key Failures of the House Republican Budget Plan,” 
Middle / Low Income
Ryan Budget Would Ensure That “
By 2050, Most Of The Federal Government Aside From Social
Security, Healthcare, And Defense Would Cease To Exist.”
 
“House Budget Committee Chairman PaulRyan’s new budget plan specifies a long 
-term spending path under which, by 2050, most of the federalgovernment aside from Social Security, health care, and defense would cease to exist, according to figures in a
Congressional Budget Office analysis released today.” [Center for Budget and Policy Priorities, 
Ryan Budget’s Spending Priorities Would Exclude Nearly Every Government Function Other ThanHealth Care And Defense, Including Veterans’ Programs, Highway Funding, Education, Food
Safety, And Law Enforcement.
“The CBO report, prepared at Chairman Ryan’s request, shows that Ryan’s
budget path would shrink federal expenditures for everything other than Social Security, Medicare, Medicaid,
the Children’s Health Insurance Program (CHIP), and interest payments to just 3¾ percent of the
gross
domestic product (GDP) by 2050. Since, as CBO notes, ‘spending for defense alone has not been lower than3 percent of GDP in any year [since World War II]’ and Ryan seeks a high level of defense spending — 
he
 increases 
defense funding by $228 billion over the next ten years above the
 pre- 
sequestration baseline
 — 
therest of government would largely have to disappear.
 That includes everything from veterans’ programs to
medical and scientific research, highways, education, nearly all programs for low-income families andindividuals other than Medicaid, national parks, border patrols, protection of food safety and the watersupply, law enforcement, and the like. (In the same vein, CBO also notes that spending for everything otherthan Social Security, Me
dicare, Medicaid, and interest “has exceeded 8 percent of GDP in every year since World War II.” [Center for Budget and Policy Priorities, 
Ryan Budget Would Reduce Federal Spending To Levels Not Seen Since 1950, Before Medicare,Medicaid And Federal Spending For Education, Highways And Environmental Protection EvenExisted.
“In addition, CBO shows that
total 
federal spending 
 — 
including Social Security, interest, and healthcare
 — 
 
 would fall to 16 percent of GDP by 2050 under Ryan’s budget path, a target specifically included in
the Ryan budget resolution. This would be the lowest level since 1950, when Medicare, Medicaid, mostfederal funding for education, highways, and environmental protection, and various other significant federal
activities did not exist.” [Center for Budget and Policy Priorities, 
 
 
Ryan Budget Would Cut Spending On Health Care Programs For Low And Middle-IncomeIndividuals By More Than 75% By 2050.
“Equally stunning are CBO’s findings about the impacts of the
Ryan plan on programs to enable Americans to secure health-care coverage. CBO finds that the Ryan plan would cut programs to help low- and middle-income people afford health insurance
 — 
Medicaid, CHIP, and
the Affordable Care Act’s subsidies to help near
-poor and moderate-income families afford insurance
 — 
 
by more than 75 percent 
by 2050, with the bulk of the cuts coming from Medicaid. Spending on these programs would be slashed from between 4¼ and 4½ percent of GDP in 2050 under current policies to just 1 percent
of GDP.” [Center for Budget and Policy Priorities, 
Ryan Budget Would Result In Far More Uninsured Individuals.
 
“CBO also observes that the Ryanplan’s elimination of subsidies to help people with modest incomes purchase health coverage (as part of theplan’s repeal of all coverage expansions under the health reform law) means that ‘the number of people without health insurance would be much higher’ than under current law.” [Center for Budget and Policy 
Priorities, 3/20/12 ] 
Ryan Budget Would Impose Enormous Cuts To Food Stamps And Pell Grants.
“The Ryan budget
reportedly also cuts SNAP (that is, food stamp) benefits by $133 billion over ten years and slices Pell Grants. The former would likely increase hunger and hardship among poor children, while the latter would likely reduce opportunities for promising students from low-
income backgrounds to attend college.” [Center for
Budget and Policy Priorities, 3/21/12 ] 
Ryan Budget Would Slash Funding For Crucial Programs Assisting Vulnerable Individuals,Including Low-Income Housing, Head Start, Child Nutrition Programs, And Home-DeliveredMeals For Senior Citizens.
“Also striking is Ryan’s slashing of non
-defense discretionary spending, which
funds everything from veterans’ health care to medical and scientific research, highways, education, national
parks, food safety, clean air and clean water enforcement, and border protection and other law enforcement. This part of the budget also funds a number of programs to assist poor or otherwise vulnerable people suchas low-income housing; child care for the working poor; Head Start; the Women, Infants, and Childrennutrition program (WIC); and home-delivered meals for seniors. The Budget Control Act of last Augustsubstantially cut funding for non-defense discretionary programs by imposing tough annual budget caps, butthe Ryan budget would cut these programs nearly $1.2 trillion
below 
the caps. In fact, it would slash funds fornon-defense discretionary programs over the coming decade by $800 billion
below the level to which that funding would fall if sequestration occurred every year through 2021
.” [Center for Budget and Policy Priorities, 
Ryan Budget Derived 62% Of Spending Cuts From Programs Assisting Low-Income Individuals.
“House Budget Committee Chairman Paul Ryan’s budget plan would get at least 62 percent of its $5.3 trillion
in nondefense budget cuts over ten years (relative to a continuation of current policies) from programs that
serve people of limited means. This stands a core principle of President Obama’s fiscal commission on itshead and violates basic principles of fairness… Chairman Ryan’s budget proposes $5.3 trillion in nondefense
budget cuts (and about $200 billion in defense increases). The $5.3 trillion in cuts includes $1.2 trillion in cutsto nondefense discretionary programs; this $1.2 trillion in cuts is
beyond 
the cuts needed to comply with thestrict funding caps that the Budget Control Act established. Several hundred billion dollars of these additionalcuts would very likely come from low-income programs. Total cuts in low-income programs (including cutsin both discretionary and entitlement programs) appear likely to account for at least $3.3 trillion
 — 
or 62percent
 — 
 
of Chairman Ryan’s total budget cuts, and probably significantly more than that; as explained
below, our assumptions regarding the size of the low-income cu
ts are conservative… As noted, our estimates
of the size of the cuts in low-income programs
 — 
which assume these programs will merely bear aproportionate share of the budget cuts required in each of the relevant budget categories
 — 
are conservative. When faced with the choice of which specific programs to cut, policymakers are not likely to cut much froma number of the
non 
-low-
income programs in these budget categories that are popular, such as veterans’disability compensation, veterans’ health, the FBI,
and cancer research. That means that other programs
 — 
 
 
including low-income programs
 — 
would have to be cut by 
more 
 
than their proportionate share.” [Center for
Budget and Policy Priorities, 3/23/12 ] 
Ryan Budget Would Actually Raise Taxes On Many Low-Income Individuals By Not ExtendingRecent Tax Cuts For Working Poor Enacted Under President Obama.
“Many low 
-income working families would actually see an
increase 
in their tax burdens under the Ryan plan. While the Ryan budget makespermanent all of the Bush tax cuts for high-income households that are slated to expire at the end of 2012, it would
not 
extend the tax cuts for working-poor households that were enacted under President Obama anda
lso are scheduled to expire at the end of this year.” [Center for Budget and Policy Priorities, 
 
Medicaid
Ryan Budget Would Force States To Either Increase Spending Or Reduce Scope Of Medicaid And
Children’s Health (CHIP).
 
“As CBO explains, the magnitude of the cut in Medicaid and CHIP ‘means that
states would need to increase their spending on these programs, make considerable cutbacks in them, orboth. Cutbacks might involve reduced eligibility for Medicaid and CHIP, coverage of fewer services, lowerpayments to providers, or increased cost-sharing by beneficiaries
 — 
all of which would reduce access to
care.’” [Center for Budget and Policy Priorities, 
Ryan Budget Proposed $10 Trillion In Tax Cuts For High-Income Americans Alongside SevereSpending Cuts For Medicaid, Food Stamps, And Pell Grants.
“These tax cuts all would come
on top
of 
President Bush’s tax cuts, which also are very expensive and tilted toward the nation’s most affluent people
and which Chairman Ryan would make permanent. The Urban-Brookings Tax Policy Center (TPC) estimatesthat extending the Bush and other expiring tax cuts would cost $5.4 trillion over the next decade and that
Chairman Ryan’s additional tax cuts would cost another $4.6 trillion. That means Chairman Ryan is proposing 
nearly $10 trillion in tax cuts (relative to current law) that heavily favor high-income Americans even while
claiming that his budget’s severe cuts in basic low 
-income programs like Medicaid, food stamps, and Pell
Grants are needed to rein in unsustainable deficits.” [Center for Budget and Policy Priorities, 
Ryan Budget Would Cut Medicaid By $800 Billion Over Next Ten Years, And Steadily More After That Until Cuts Extended To Over Half Of The Program.
“The Ryan plan would cut
 Medicaid 
by morethan $800 billion over the next ten years and steadily larger amounts after that (on top of the Medicaid
reductions that would result from Chairman Ryan’s call to repeal health reform). After several decades,
Medicaid would be cut by more than half. Yet Medicaid already costs substantially less per beneficiary thanprivate insurance because it pays health providers rock-bottom rates and has low administrative costs. Inaddition, its per-beneficiary costs have been rising more slowly than private-sector health care costs. Assertions that Medicaid costs are highly inflated and that states can provide comparable health care for
much less money may serve as convenient rationales for severe cuts in health care for some of the nation’s
most vulnerable people, but they do not reflect reality. Last year, the Urban Institute estimated that a very similar Ryan Medicaid block-grant proposal would likely cause 14 to 27 million low-income Americans to losecoverage by 2021 (in addition to the 17 million people who no longer would gain coverage due to the repeal
of health reform and its Medicaid expansion).” [Center for Budget and Policy Priorities, 
 
 Taxes
Ryan Budget Would Oversee Massive Tax Cuts For Wealth Individuals And Corporations.
“Despite warning that the nation faces the ‘perils of debt,’ House Budget Committee Chairman Paul Ryan introduced a
budget on March 20 whose tax proposals would be extremely costly and would disproportionately favor the

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->