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Saturday, August 11th, 2012

Mitt Romney and Paul Ryan: The Go Back Team

Mitt Romney and Paul Ryan: The Go Back Team

In naming Congressman Paul Ryan, Mitt Romney has chosen a leader of the House Republicans who shares his commitment to the theory that budget-busting tax cuts for the wealthy will somehow deliver a stronger economy. The architect of the radical Republican House budget, Ryan, like Romney, proposed an additional $250,000 tax cut for millionaires, and deep cuts in education. His plan also would end Medicare as we know it by turning it into a voucher system, shifting thousands of dollars in health care costs to seniors. As a member of Congress, Ryan rubber-stamped the reckless Bush economic policies that exploded our deficit and crashed our economy. Now the Romney-Ryan ticket would take us back by repeating the same, catastrophic mistakes.

The Romney-Ryan top-down budget plan would weaken the economy:

Paul Ryan and Mitt Romney both support trillions in budget-busting tax cuts for millionaires paid for with tax hikes on the middle class and deep cuts in education and other investments needed to improve our economy. Ryan’s extreme budget plan, which Mitt Romney has embraced, would make deep spending cuts now to pay for tax cuts for the wealthy, which would weaken the recovery and cost the economy jobs.
 
The Romney-Ryan plan would end Medicare as we know it:

The Romney-Ryan extreme budget would end Medicare as we know it, turning it into a voucher program that would increase seniors’ health costs by $6,350 a year. Ryan has also proposed a plan that would have privatized Social Security, subjecting seniors’ retirement security to the whims of the stock market.

The Romney Ryan plan would raise taxes on the middle class and cut taxes for the wealthy:

The Romney-Ryan extreme budget includes a tax “reform” plan that would make the Bush tax cuts for the wealthy permanent, and give millionaires an additional tax cut worth more than $250,000 a year. Paying for these tax cuts for the most fortunate families would require higher taxes on the middle class, gutting investments in our future, and ending Medicare as we know it.

The Romney Ryan plan would gut middle-class investments:

To pay for tax cuts for the wealthiest, Paul Ryan would gut investments critical to middle-class security. This includes cutting Pell Grant scholarships for nearly 10 million students; kicking 200,000 kids out of Head Start; significantly cutting clean energy investments, which would make America more dependent on foreign oil; and would even cut investments in veterans’ health care by 19 percent.