The Poor Get Poorer: How Ryan's Budgets Would Affect Ours

Yahoo Finance from The Atlantic ^ | August 13, 2012 | Derek Thompson

[facedown]

They're panicking out there. Yahoo is going full tilt and it's three months out yet.

The article isn't even worth reading - it's just the usual lies and liberal gibberish. But this one's got, wait for it, graphs!

The headline is the main point for posting.

[traditional1]

The key SHOULD BE: How much of YOUR OWN MONEY do you get to keep, vs. “How much of Other People’s Money will you be cut off from?”

[PGR88]

Yahoo is the worst. It is as reactionary as CNN and even more automatic with the propoganda

[DaiHuy]

Isn’t there a mandatory BARF alert that goes with this sort of thing?

[p. henry]

The choice is not about the extent to which current and prospective recipients of Medicare, Medicaid and Social Security will continue to receive benefits. The choice is about whether they will receive them at all. Under Ryan's plan, they will probably continue to do so. If we retain them in their current form, which appears to be Obama's option, they will certainly bankrupt the government sooner than most people expect and therefore cease to be payable at all.

Ryan wants to address the problem. Democrats want to kick the can down the road and demagogue it to attain victory in one more election.

[SECURE AMERICA]

The party is over. The handouts are done. We are broke. The Americans who work can no longer carry those that do not plus 12 million illegals. If you taxed the evil rich 90 percent it would not put a dent in our debt The belt has got to be e tightened and the freefall spending has got to stop.

[henkster]

“How much more would you have to save to pay for health care.”

You mean health care isn’t “free?” People have to pay for it? And to save, too? Oh gosh; they might have to get a job! Or worse, work toward a goal to enable them to improve their lives!

“And for the low-income, whom — as we’ll see — bear the brunt of Ryan’s cuts.”

You mean poor people have to pay for stuff? They don’t get to sit around and have things handed to them? And, does this mean they can’t sit on the sofa and stuff themselves with Twinkies any more? My gosh, they actually might have to take care of themselves! Why, it’s too much to ask that they live healthy, you know...that “diet and exercise” thing.

It’s all so unfair!

/s/s/s/s/s/s/s/s/s/

[piytar]

Wow, the comments are worth reading though. The vast majority of them slam the article, the author of the article, and/or obastard. Not what I’ve come to expect from most Yahoo commenters!

[DannyTN]

Wait, what do you mean "the usual lies". Are the following lies? if so why?

"Medicaid spending would be shaved by about a third"

Is that true or not? If it's true, unless Ryan shows us how to cut Medicaid by a third while delivering the same or better care, then that's a valid reason not to vote for him. He's cutting the program that helps the poorest of the poor. This is why the GOP got kicked out of Congress the last time they had control.

"Ryan believes that his budget could unlock spectacular growth and increase lower-income wages. And it might! But most of what we know about the the impact of technology, emerging markets, and offshoring suggests that gaping inequality is a side-effect of global capitalism more than progressive government. As a result, this budget would have a very predictable outcome: It would make poor families poorer, under the banner of fiscal responsibility."

I couldn't care less about "inequality". But unemployment is "a side effect of global capitalism more than a progressive government." I'm not as optimistic that Ryan's budget will produce massive growth. You have to fix the globalism that's destroyed our industries. Fail to do that, and I agree with the article. Ryan focuses on the wrong thing at the wrong time and ends up making us poorer as a result.

[Red Badger]

We have the wealthiest ‘poor’ on the planet...........

[RayChuang88]

People are forgetting that the GIGANTIC number of people born at the beginning of the Baby Boom generation between 1945 and 1950 are now starting to hit retirement age. Because of that, the demands on Social Security and Medicare are going to spike through the roof, and that could hasten the financial demise of these two entitlement programs.

Rep. Ryan recognizes this, and has already laid out a framework of plans to keep Social Security and Medicare from being wiped out as more and more of Baby Boom generation enters retirement age.

[Mr. K]

you know what? I dont give a $h!t - no one is poor on account of ANYTHING I HAVE DONE

So it is not my problem, and I will choose to ‘help’ the poor IN MY OWN WAY, and NOT by giving money to corrupt government bureaucrats to give away to their cronies and thief friends.

[MEGoody]

You have to fix the globalism

Suggestions?

[DannyTN]

"Suggestions?" (on how to fix the globalism

• Raise Import tariffs back to historical norms.
• Require all military parts to be made in the U.S.
• Close the border, Deport the illegals, and reduce H-1b's to reduce the workforce, making jobs for Americans.

  Put Glass-Steagall back in effect and require all foreign banks to play by our rules to have access to our market, rather than letting our banks play by their rules to have access to theirs.

[Psycho_Bunny]

How many billions of dollars did Yahoo lose in refusing to sell when everyone on the planet knew they were holding out past their value?

Companies full of idiots aren’t really in a position to offer economic advice.

[Opinionated Blowhard]

but maybe the most useful is to imagine how his budget affects your budget.

OK. Let's do that. I blow $10,000 on a credit card to supplement my income for a couple months and live like a King. Then the bill comes due. Do I tighten my belt and start paying down the debt, or do I ignore that debt and get another credit card to blow another $10,000?

[kcvl]

[kcvl]

Derek Thompson spoke about Democratic Party goals for spending on education, innovation and infrastructure and the Republican House’s plan to cut spending

[kcvl]

Derek Thompson

@DKThomp

Senior editor & business writer @theatlantic. 90% NYC; 10% DC. Lemme know if you want that breakdown in a graph.

Nyc · http://www.theatlantic.com/derek-thompson/

http://es.twitter.com/DKThomp

Derek Thompson @ DKThomp

Ryan’s philosophy that we are richer without govt dependence is functionally a plan to make poor ppl poorer http://www.theatlantic.com/business/archive/2012/08/the-poor-get-poorer-how-ryans-budgets-would-affect-ours/261043/ …

3hDerek Thompson @DKThomp

‘The less you benefit from Ryan’s tax cuts, the more you would potentially suffer from his spending cuts’ http://www.theatlantic.com/business/archive/2012/08/the-poor-get-poorer-how-ryans-budgets-would-affect-ours/261043/ …

16hDerek Thompson@DKThomp

Reminder: Ryan cuts taxes by $10 trillion compared to current law over 10 yrs (Obama by about $4.5 trillion) http://www.taxpolicycenter.org/numbers/Content/PDF/T12-0075.pdf …

11 AugDerek Thompson@DKThomp

RT @mollyesque Will Romney be able to run away from the Ryan budget? Based on convos w voters today, I don’t think so http://www.theatlantic.com/politics/archive/2012/08/why-romney-cant-run-away-from-ryans-budget-/261031/ …

[kcvl]

Derek Thompson