Picture 2

Picture 2

Mar 17, 2013

Response to Ryan's Budget

Here’s a link to a typical liberal’s response to the Ryan budget, in this case by Dana Milbank. 
What's interesting is liberals and math. We're borrowing 35 to 40 cents of every dollar Uncle Sam spends. No matter what the tax rates, since WWII federal revenue has never been greater than about 20 percent of GDP. However, liberals are spending 24 percent of GDP and want to go higher. The percentage of the potential workforce actually working is 63.5 percent. That's down from 65.8 in February of 2009. Harry Reid has been scared to hold budget votes, even in committee because it would embarrass his members. Democrats have had no plan, but they like to complain about Paul Ryan's plans. Liberals are great on emoting and feeling our pain. Fixing problems, not so much. However, since they really care, we're supposed to forget that their caring has no effect.  Liberals don't have to have facts as long as they emotionally care deeply, right?

Here’s the link to Federal Revenue as a percent of GDP, from that hotbed of conservative thought, the Brookings Institute:
Here’s workforce participation:

Liberals seem to have contempt for the laws that don’t serve their purposes, for example budget laws.  Obama has broken the law by not submitting the budget on time for FY2014.  According to Wikipedia, "The President, in accordance with to the Budget and Accounting Act of 1921, must submit a budget to Congress each year. In its current form, federal budget legislation law (31 U.S.C. 1105(a)) specifies that the President submit a budget between the first Monday in January and the first Monday in February."  It's not going to be ready until April.  Maybe the president’s dog Bo ate it?  Harry Reid broke the law, the Congressional Budget Act of 1974, by not passing a budget.  By the way, Obama's FY 2011 budget lost in the Senate 97 to 0.  The House has passed a budget every year.  The Senate hasn’t passed one since February, 2009.   The Democratic response to Ryan budgets is best summed up by former Treasury Secretary Tim Geithner who said in House testimony: “You are right to say we’re not coming before you today to say ‘we have a definitive solution to that long term problem.’  What we do know is we don’t like yours.” 

Here’s link to Geithner’s testimony:
Here’s the link to the US Budget process:

Liberals want the tax rates of Clinton. Conservatives would prefer the spending rates of Clinton.  The overall number of jobs under Obama is still below where it was when he took office.  I know it's all Bush's fault according to liberals, but when will the economy become Obama's?  So far, all the  stimulus seems to be mainly stimulating the UAW, AFSCME, SEIU and Obama's Solyndra buddies.  Could it be that political contributions have consequences?

The assertion that we are borrowing 40 cents on the dollar comes from Democratic Senator Kent Conrad on Sunday, January 23rd, 2011 in an interview on "This Week with Christiane Amanpour."

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