Tag: Budget Deficit

Suicide by Political Attack

Cross posted from The Stars Hollow Gazette

You cannot make this up:

Paul Ryan’s PAC slams AARP as ‘left-leaning pressure group’

Rep. Paul Ryan’s (R-Wis.) political group went on the attack Monday against AARP, calling one of the most powerful lobbies a “left-leaning pressure group.”

   Ryan’s Prosperity PAC sought to push back on attacks by AARP against the House Budget Committee chairman’s 2012 budget, specifically its proposed changes to Medicare.

   “Last week, the American Association of Retired Persons (AARP), a left-leaning pressure group with significant business interests in the insurance industry, launched a national ad campaign that intentionally misleads seniors about the Medicare debate,” wrote Pat Shortridge, a senior adviser to Ryan’s PAC, in an email to supporters.

   Ryan’s Medicare proposal has been a particular point of criticism by Democrats and groups on the left, which say that the Medicare plan would significantly revamp the entitlement program to the detriment of seniors. Democrats have homed in their attacks against that part of the Ryan budget, which has sparked some degree of heartburn among Republicans.

   AARP launched ads last week warning against “harmful cuts” to Medicare and Social Security it said Republicans favored.

History repeating itself from 2005:

Now some people on the right want you to think of gay marriage and Sunni insurgency. The New York Times this morning reported that the lobbyists who brought you the “Swift Boat Veterans for Truth” have been contracted to promote the agenda of USA Next, a conservative lobbying group. To build support, USA Next is portraying AARP – which opposes the White House’s pseudo-plan for privatizing Social Security – as some kind of liberal extremist group.

How’d that 2006 election turn out, Mr. Ryan?

“Boner” tells Wall St. Medicare is still on the agenda to raise the debt ceiling:

In a speech to the Economic Club of New York in Midtown Manhattan, the Ohio Republican is set to reiterate to leading financial executives that he believes that reforming Medicare should be part of negotiations in raising the debt ceiling, saying that there needs to be “an honest conversation,” because the program is on an “unsustainable path if changes are not made,” according to sources familiar with the speech. Boehner also is expected to advocate for immediate cuts rather than deficit and debt targets preferred by some Democrats.

After his talk, Boehner will take questions from two prominent Wall Street players at the intersection of Washington power: Peter G. Peterson, the private-equity giant who worked for President Richard Nixon, and Observatory Group CEO Jane Hartley, who worked for President Jimmy Carter….

Boehner’s public insistence that reforming Medicare stay a part of debt ceiling negotiations could reaffirm a concern among Wall Street types that Republicans are driving a hard bargain on the limit and will take the negotiations up to the last minute. Boehner said last week Congress must now cut trillions, not billions….

Friday evening, in a sign of unity after a disjointed week, GOP leadership, along with Ryan and Camp, released a statement saying “everything must be on the table except increasing taxes.”

Freshmen, who voted en masse for the Ryan budget, largely want entitlement reform dealt with.

President Obama needs to stand up to these threats to the social safety nets and let the GOP send itself into political oblivion. I have my doubts that Obama can do this. I will be shocked, I tell you shocked, if he calls them in this. This is no longer 11 dimensional chess. It’s now a game of straight draw poker.  

Roll Back the Bush Tax Cut to Pay for Health Reform

I caught the Randi Rhodes show today. She was suggesting that all we have to do to pay for Health Care Reform, including a Public Option, was to just Roll Back the Bush Tax Cuts!

What a Brilliant Idea!

Thanks Rhandi … (So glad you’re back btw)

As it turns out, we just need to let the Bush Tax Cuts Expire, when they are due to “sunset” (ie. Don’t Renew them!)

When Would the President’s Tax Cuts Expire?

by Andrew M. Grossman – April 21, 2004

In 2001 and 2003, President George W. Bush proposed and Congress passed a series of tax cuts to reinvigorate the economy and reduce the government’s burden on workers’ paychecks. Because of opposition to these measures from some in Congress, they were implemented as temporary tax cuts, all of which will expire by January 1, 2011.

http://www.heritage.org/Resear…