Walk of SHAME! Go Paul, failure is your legacy.
Paul Ryan said he was absolutely going to bring down the deficit. His "tax cut" will INCREASE the deficit. A "one-year wonder," this GOP tax cut, wil put the United States in more debt than ever before. Paul Ryan traded in h is integrity to gain absolutely nothing. He did a disservice to his country and his beliefs.
"How Paul Ryan Got It Wrong"
By Benjamin Wallace-Wells April 11, 2018
"Ryan was wrong. The idea that Ryan so often advertised during the 2012 Presidential campaign (when he was the Vice-Presidential nominee)—that the free market is an anti-poverty program—has disappeared from his party, and been replaced by the instinct to punch down. The deficits he said that he was in Washington to limit have, under his watch, ballooned. In the capitols of Republican-controlled states, where the Party’s scorched-earth partisanship has found its most extreme expression, the project is faltering, with a wave of special-election reversals and, more recently, mass teacher strikes"
"Paul Ryan Was a Failure, Even on His Own Terms"
By John Cassidy April 12, 2018
Paul Ryan, many, many, many times said he was a deficit hawk. He might have been a deficit hawk, but he gave up his hawk for a dove, and caved via his tax reform, hoping the US economy can make up for his stupidity. It will be amazing and a miracle if the economy can do what the GOP and Paul Ryan hope it can do. Trickle down supply chain economics has failed too often. It's likely to fail again. In fact, has it ever succeeded as expected? How did it work in Kansas?
"A decade ago, Paul Ryan, who was then a member of the House Budget Committee, introduced a tax-and-spending bill called the Roadmap for America’s Future Act of 2008. With the Democrats in control of the Senate, there was no immediate prospect of the bill being put into law. Rather, it was a political manifesto, which Ryan updated in 2010. The original version contained all the essentials of Ryan’s brand of fiscal conservatism. It began in this way:
The social insurance strategies of the past century, which sprang from the New Deal, expanded in the Great Society, and continue to dominate the terms of public debate, are headed toward collapse . . . Among the inescapable signs are the following: an unsustainable path of Government spending; levels of projected debt that threaten to bankrupt the country; trillions of dollars of unfunded liabilities in the Government’s major benefit programs; and the erosion of Americans’ security and confidence in health care and retirement . . . A comprehensive plan is needed, and this legislation aims to energize the productive capacities of Americans to generate sustained economic growth."
Now where is he? What did Paul do? What has Ryan's grand plan come to? ZERO!
"The bill went on to outline a series of proposals to reduce entitlement spending by cutting future increases in Social Security payments and introducing personal investment accounts into the public retirement system, converting Medicare to a competitive “premium subsidy” model, and transforming Medicaid into a state-level program supported by federal block grants. On the revenue side, the bill proposed a personal flat tax and the replacement of the corporate income tax with a value-added tax on consumer spending. While these measures alone wouldn’t balance the budget in the short term, Ryan claimed that, over time, they would lead to a substantial decline in the national debt as a percentage of G.D.P.
In the wake of Ryan’s announcement on Wednesday that he intends to retire from the House of Representatives at the end of this year, a number of economic commentators pointed out that his grand plans came to naught."
Then, just as Tweety, would, Paul Ryan proudly steps to the podium and says he has done what he planned to do. We cannot possibly know if his plan did any good for several years, but we can be pretty sure it did a lot of damage within about two years. In the near term Paul is claiming victory before the game has even started!
Ryan leaves a very sad legacy.
"That is true. As Paul Krugman pointed out back in 2010, Ryan is a flimflam man: his arithmetic has never added up. But what hasn’t been emphasized enough is that Ryan wasn’t merely a purveyor of snake oil and a front man for the conservative billionaires and other wealthy interests whose money has flooded the Republican Party in recent years. He was also a failure on his own terms."
Ryan is blind to a fault to his faults.
"To all appearances, at least, Ryan genuinely believes that the growth of spending on the social safety net presents an existential threat to the United States. In his press conference on Wednesday, he again singled out entitlement reform as the area where “more work needs to be done.” He also praised himself for “normalizing” the idea of entitlement reform.
But this patting of his own back was unjustified. Far from making entitlement reform more likely, Ryan’s actions, particularly his championing of the recent Republican tax bill, have rendered the entire subject [Entitlements] utterly toxic for the foreseeable future."
The GOP cannot pour BILLIONs into defense and claim they need to cut entitlements, for one. The GOP cannot cut billions from the taxes the major corporates [It is funny, no, actually STUPID, how Tweety complains about Amazon not paying taxes after HE CUT THEIR TAX RATE!] rich pay and hope the middle class will tolerate cuts in entitlements.
To repeat: it is VERY funny, no, actually STUPID, how Tweety complains about Amazon not paying taxes in 2017 after HE CUT THEIR TAX RATE! Wait till 2018 Tweety! lol Tweety helped Amazon pay less taxes when he signed the tax reform bill! That is the tax reform Ryan takes credit for accomplishing, by the way.
The 2010 Simpson-Bowles Report was the best opportunity to reduce entitlements in recent history. Ryan voted against it in March 2012. That was the likely last real opportunity Ryan ever had to reduce entitlements because he is quitting.
Paul Ryan is quitting as a loser and a failure and a hypocrite, a Congressman's "trifecta." Good luck in future endeavors Paul. You have no where to go but up.
