Showing posts with label Congressional Budget Office. Show all posts
Showing posts with label Congressional Budget Office. Show all posts

Monday, December 04, 2017

No money to spend on "booze and women". The rich have it all.

Image result for chuck grassley imagesIf you are in the American middle class, republican lawmakers want you to stop spending your disposable income on "booze and women". Apparently only large corporations and the people who run them know what to do with extra money. This is why the GOP is working so hard to make sure that they (the top 1%) have all the disposable income they need at our expense.

There is no doubt that the republican tax plan will hurt average Americans, but they have to go through with it because their wealthy donors demand it, and since most of them make well over six figures, they will all benefit from it individually as well.

The economy will be losing well over a trillion dollars. So how do we replace all that money? If you said with major cuts to entitlement programs move to the head of the class.

 "WASHINGTON — Republican lawmakers have largely dismissed concerns about how their $1.5 trillion tax cut would add to the federal deficit. Now, some Democrats are warning that the tax rewrite would ultimately be financed by gutting entitlement programs like Social Security and Medicare.
The possibility of cuts to safety net programs appeared more likely on Tuesday, as the Congressional Budget Office w Congressional Budget Office warned that the tax bill could set off an arcane budget rule that would make deep cuts to Medicare over the next decade.

Republican lawmakers have turned a blind eye to the effect of the tax bill on the deficit, saying the tax cuts would essentially pay for themselves through increased economic growth.

But the party of deficit hawks is beginning to once again complain about the ballooning federal deficit, suggesting that spending cuts must be enforced to reduce the national debt, which has surpassed $20 trillion.

“You cannot get the national debt under control, you cannot get that deficit under control, if you don’t do both: grow the economy, cut spending,” said Mr. Ryan, Republican of Wisconsin.
The Republican tax plan, he said “grows the economy. We’ve got a lot of work to do in cutting spending.” 

Isn't it amazing how deficit hawks can all of a sudden care less about the national debt when a democratic president is not in power? 

It seemed like only yesterday that some of these same people were all over #44 for his spending habits. The thing is, in Obama's case, government spending was actually helping underserved and poor people. In a just society that is who our government has an obligation to protect and look out for. Not corporate fat cats who have already taken a big chunk out of the American pie. They don't deserve any of what's left for the rest of us. So why is the GOP working overtime to give it to them? 
Rhetorical question, we know why:

"In his “trickle-down” CNBC interview, Gary Cohn said something extraordinary. “The most excited group out there are big CEOs,” he told John Harwood, referring to the tax plan. If there’s one thing everyone agrees on, it’s that this GOP tax proposal makes the rich richer. Yet there’s nothing in the bill to specifically address income equality and stagnant wages. Wages will remain the same unless a CEO voluntarily gives someone a raise." 

*Pic from wikipedia.org.

    
   

Monday, March 13, 2017

Time to check your microwaves and your medical coverage.

TWEET MEAs if right-wingnuts in this country aren't paranoid enough. Now they are going to be afraid to walk in front of their microwaves because according to Kellyanne Conway the microwave might be spying on them. (Yes, she really implied that)

Anyway, in an attempt to cover for their leader, Kellyanne and others have been making absolute fools of themselves with pronouncements like the ones about the microwave in our homes.

I actually watched a little of another trump surrogate today, Sean Spicer, and it was painful, even for me who is no fan of the guy.

But I have to give him credit. To sit there and spin constantly when he knows that he lying, and that what he is saying to the press is complete rubbish, takes a special kind of skill.

The Congressional Budget Office (CBO) came out with their report today, and, as was to be expected, it was not good for Paul Ryan and the gang. According to the report 24 million more Americans will go uninsured under their plan.  And sadly for some in the GOP, there is just no positive way to spin that one.

They have tried. Ryan has said that the fact that 24 million Americans will lose their insurance means nothing, because (and I am paraphrasing here) they are not sick, and they choose not to have insurance.

Memo to Speaker Ryan: It's called INSURANCE. That's kind of how this insurance thing works.

I hope my that home never has a serious fire, but guess what, it's insured, just in case it does.  I suspect that most people who carry medical insurance aren't sick, but it's there for them in case they do get sick.

I didn't even get to the part of the GOP plan where they cut Medicaid to the states yet.

"UPMC Health Plan has become the biggest provider of government health exchange insurance in the region at a time when Republican leaders in Washington prepare to make it more expensive.

State officials are predicting that federal cuts to Pennsylvania’s Medicaid plan, which was expanded under the Affordable Care Act, would cost the state at least $2 billion by 2020. Medicaid covers many elderly Pennsylvanians, children, people with disabilities and those with low income; with the expansion, it now insures more than 2.8 million Pennsylvanians.

Federal legislation that could be introduced as early as this week could end the government subsidies for Medicaid, leaving about 700,000 Pennsylvanians in danger of losing coverage." [Source]

Oh, and irony alert, most of those affected by the Medicaid cuts would be folks who voted for trump.
He promised his voters while on the campaign trail that they all would be covered and these social programs would not be touched. Well....sometimes life comes at you fast.

"Candidate Trump told “60 Minutes”: “Everybody’s got to be covered. This is an un-Republican thing for me to say. … I am going to take care of everybody. I don’t care if it costs me votes or not. Everybody’s going to be taken care of much better than they’re taken care of now.”
Candidate Trump also promised: “You’re going to end up with great healthcare for a fraction of the price, and that’s gonna take place immediately after we go in, OK? Immediately. Fast. Quick.”'
 
What's that quote by  David Hannum?  "There's a sucker born every minute?"
 
Well sometimes it takes more than a minute, but there are still a lot of suckers out there.  At least fifty nine million of them.