General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhatever happened to the party of fiscal responsibility?
The red tidal wave of debt, he told Sean Hannity back in 2012, would trigger what he called the most predictable economic crisis we have ever had in this country. Debt would mean nothing less than the end of the American dream.
In 2012, the debt stood at $15 trillion, and the exploding costs of entitlements, Ryan said, meant that by the time my grandkids are raising their grandkids, we are taking 80 cents out of every dollar just to pay for this federal government at that time.
Ryan, who was then House Budget Committee chairman and soon to be the GOPs vice presidential nominee, warned that the debt crisis would be catastrophic to the American way of life, leading to a massive rise in interest rates and eventually bitter austerity measures including cuts to current seniors and cuts to the safety net.
http://www.latimes.com/opinion/op-ed/la-oe-sykes-gop-fiscal-20171110-story.html
rock
(13,218 posts)rurallib
(62,424 posts)ewagner
(18,964 posts)First that the tax plan is so blatantly tilted toward the GOP donor base. They make no attempt to hide it other than repeating the mantra (lie) that "this is a middle-class tax bill" but even a cursory look at the provisions of the bill strip that facade off of the bill.
Second...they are in one hell of a hurry to get this done. There is a seismic wave of some sort coming and they want their "goodies" ordained by their congress NOW! They must think that their theft from the treasury is irreversible and cast in stone, not subject to change by anything that happens afterwards and this is what bothers me.
The seismic wave, I suppose, could be the sweeping from office of anybody with an "R" behind their name but that would mean that a Democratic Party majority could undo all or most of the damage they are doing. Their haste (in that context) doesn't make sense.
I fear there is something more dastardly that they fear....like economic collapse of the American economy? Or maybe they are afraid the President* might actually start a nuclear war and they need to squirrel money away in international safe havens..
Okay
I'm getting paranoid but in these days, who isn't!!!
FM123
(10,053 posts)mindem
(1,580 posts)If they can create enough of a disaster by using tax cuts for the rich and unlimited military spending, we will hear "we have no choice but to eliminate all of this needless social security, etc.". I really do think they are intentionally destroying the economy to bring on massive austerity measures.
kydo
(2,679 posts)spanone
(135,844 posts)dalton99a
(81,521 posts)All bullshit
spanone
(135,844 posts)Kablooie
(18,634 posts)Fiscal responsibility to them means being responsible for taking wealth from those that have little and shoveling it to those that have too much.