Why Ryan Lost!
What is preferable, “there’s a far better way than 15 people on a board appointed by the president making all these decisions that will ration your health care on top of all these ... price controls to providers that will restrict your access”, the Obamacare way according to Ryan or the present method where private, for profit insurance company CEOs determine what is covered, the percentage out of your pocket, and the size of your insurance premium.
When it comes to sequestration, what will Ryan and the Republicans do when across-the-board spending cuts begin? Ryan said, “Our job is to buy the country time. That means we need a down payment on the debt and deficits. We need to buy time for the bond markets to push off a debt crisis outside of the four-year window. We then go to the country with a real agenda of specific alternatives to this progressive experiment that’s unfolding to win 2016 so we can actually fix this thing before it’s too late.” Unfortunately Ryan is oblivious to the fact that sequestration will actually increase the debt because the unemployment and decline in government spending will REDUCE revenues just as the Bush recession resulted in REDUCED revenue and increased the debt. Ryan apparently does not realize that history repeats.
The “Ryan/Republican” approach to economics will result in a further decline in the purchasing power of America’s middle class, slow the recovery at best, and more than likely cause a dip back into recession. All told, the end result of sequestration will be a decline in job growth, a reduction in revenues, and an increase in debt. Tax favors for the wealthy will not nor have they ever resulted in economic benefits for more than the 10% of Americans who are the recipients of these tax favors. The only thing that has “trickled down” is recession, less growth, and more poverty.
