There's been lots of support expressed for the recently-released proposed budget by Paul Ryan. Loud support for his proposals are often accompanied for loud expressions of outrage and disgust for the President's proposed budget. Maybe an examination of both proposals might reveal the differences.
- Both budgets achieve about the same tepid levels of deficit reductions.
- Neither proposal suggests any real spending cuts to entitlement programs.
- The Ryan budget "takes back" the defense spending cuts previously agreed to by the GOP as part of the agreement to form the super committee, actually increasing defense spending by $600 billion.
- Both budgets address only the 12% of federal spending categorized as "discretionary domestic spending".
- The Ryan plan achieves it's results primarily with cuts to social programs and education to fund further tax decreases and increased defense spending. The POTUS budget also decreases business taxation, but increases taxes on the wealthiest Americans. The POTUS budget also cuts discretionary spending, but less deeply than the Ryan plan.
- Neither budget materially reduces the unsustainable rate of increase in the national debt.
So tell me, why are so many here so enthusiastic about the Ryan (GOP and Tea Party) proposal and denigrating of the POTUS plan? It seems to me that both proposals reflect what has always been he case--
both political parties are responsible for the deteriorating state of our fiscal condition. Neither party appears willing to address real solutions.
I guess we're just playing a waiting game until he Chinese tell us what we'll have to do.