The Path to Prosperity (Episode 1): America’s two futures, visualized
This 3-minute video is a visualization of the House Republicans’ budget, “The Path to Prosperity,” presented by Rep. Paul Ryan, chairman of the House Budget Committee. For more information on our plan to avert the US’s nearing debt crisis and chart a path of growth and prosperity, visit budget.house.gov http online.wsj.com
The Path to Prosperity (Episode 1): America’s two futures, visualized
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@fraxus It seems absurd for business to complain about gov’t debt when it is the failure of business that is the reason gov’t had to take on that debt. When Obama took office the debt was about $10T and now its $14T for an add of $4T. If business had not tanked us we would not have the bank bailout, the stimulus, the auto bailout, all these unemploment benefits, and lost tax revenues and the debt would not have gone up very much i the last 2 1/2 years. Then business goes and blames gov’t???
@fraxus The only thing that is going to get us out of this mess is if business invests and the resulting tax revenues pull us out of debt. All the debt in the last 2 1/2 years was incurred to pump money into the economy while businesses got back on their feet. Gov’t can’t foot the bill forever. Gov’t has done their part and has done all it can. The rest is up to business. But look the stock market and corporate profits – they’re way up. They’re getting their income from outside the US.
@plynth2 – Yes it is. The normal means of dealing with recession is easing of interest rates. The Dem Policy is Keynesian – have the government spend (stimulate) like crazy.
@plynth2 – But you can’t get growth when interest on federal is draining off several percent of GDP growth. Don’t blame business for not investing in debt addicted country where the loons vote themselves unpaid entitlements. It’s our government spending and pandering of entitlements to blame.
You mean the path to Corporate welfare.
The spending you cut you gave it to the rich in tax breaks and bailouts, that is not called lowering the debt. You either cut spending entirely (without giving it to others), raise taxes, or do a bit of both.
Transferring more wealth to the people who caused the economic crisis doesn’t solve a damn thing. We all know by now it doesn’t “trickle down”.
The Republican Party is dying. Republicans, by in large, are ANTI-gay, ANTI-poor, ANTI-minority, and anti anything who isn’t Rich, White, or Wealthy. The younger generation doesn’t like that obese, balding, filthy-rich, racist buffoon: Rush Limbaugh, nor do they like the “bimbo” from Alaska who QUIT on the people of Alaska to chase millions at FLAWED NEWS (Fox News). She’s intellectually deficient along with Newt, Trump, Huckabee, McCain et al. Obama/Biden 2012!
Republican Medicare Rally Cry …. Does Grandma Deserve Any Less Than Congress?
@allway565
5. A robust economy would make the budget problems evaporate. If business continues its reluctance to invest their trillions in America, the gov’t will continue to have budget problems and then, yes, America’s best days truly are behind her.
@allway565
4b. The stimulus is not an example of Democrats fiscal POLICY. It was created to deal with a particular crisis event. To add to the debt in a crisis is one thing, but Bush and the Republicans (and it was principally the congressional Republicans-Bush just signed off on all the spending bills that the Republican congress sent to him) cranked the debt up to $10 trillion in rather ordinary times and not as a result of a crisis.
@allway565
4a. I think the stimulus was extremely fiscally responsible. You seem to forget that our economy was in a freefall in late 2008 to early 2009. The stimulus stopped the freefall. I have absolutely no problem with the stimulus other than it took too long to roll out. If the economy was allowed to continue its freefall, the gov’t would be in more debt than it is now due to almost no tax revenues coming in for two years.
@allway565 1. What is spent on welfare is about 1% of the budget and not even enough to worry about.
2. The healthcare costs of those on Medicaid would simply be paid passed along to us by the ER department of hospitals. The poor being able to access preventative heatlhcare lessens the overall cost to all of us.
3. Any party that attempts to end Medicare will not get elected. The US spends about 50% more on healthcare than ANY other country. Our current system no longer works.
@plynth2 I beg to differ, look at what’s spent on welfare, Medicare, Medicaid. And you’re telling me to grow up? When some moron (Obama) decides to enact stimulus bills that does nothing short of wastes billions of dollars, you consider that fiscally responsible? You think that healthcare bill is fiscally responsible? Republicans are guilty as charged for fiscal irresponsibility, but the democrat’s budget is the solution to that? If that’s true, then America’s best days are truly behind her.
So you go after the sick and elderly? Thats the only way to cut spending? What about military?What about letting the superrich chip in..
From the same folks who gave us the Bush Boom!
The people out here in flyover country get it. The rope-a-dope elite budget masters say NOTHING about slashing/eliminating the beaurocracies that are strangling everybody. The Federal Feserve is a criminal and illegal entity, yet these ass-clowns say nothing about that either. Change their suits to tar and feathers. That’s change I can believe in.
Wait – what? Paul Ryan is warning us that we won’t be able to pay for these big government programs that we shouldn’t even have in the first place! Does that sound lile a limited-government conservative?
Thanks to liberal policies America can no longer afford to pay for medicare, social security, unemployment and many other services. We also need to lower the minimum wage to $2/hr in order to compete with China and bring jobs back home. Fiscally responsible conservatives like Paul Ryan and John Boehner know this and are currently
working to end these wasteful handout programs and bring the minimum wage down so that America can be great again. God bless the GOP!
Nice try, Mr. Ryan…but you didn’t once address the *real* reason for debt and big government – the Federal Reserve. End the Fed! Ron Paul rEVOLution!
@SPJ1993343 –put the tax rates back where they were under Reagan & cut oil company subsidies & cut Defense Spending 15% & Soc Sec & Medicare will be taken care of.
@LoyaltotheUSA
The facts are very, very clear -
Grandma, we’re not screwing you – we’re screwing your children & grandchildren
@SPJ1993343 – I dont know where you got the idea that social security is the largest part of the deficit – it still totals less than medicare/medicaid or defense. And it is covered by the money coming in.
But there are 2 changes we can make:
1) Increase the age – which will help the rich as Ins Companies tell us they live longer
2) Means test – which will help the middle-class & poor
@SPJ1993343 You will not be picking your poison. The poison has been selected for you and is already being administered to you. In ten years, those earning $50K now will be making less than $20K with no benefits. Those making over $500K will be making over than $2M.
No one in authority will tell us that, but you know its true.
@SPJ1993343 Minimum wage will be the wage that middle managers receive while the average worker will be making $1.75 an hour. Regulations like a 40 hour work week, time and half for overtime, and two weeks for vacation time for the average worker will be eliminated. The only way those benefits will survive is if workers in emerging economies like China and Indonesia also receive them, which is not going to happen anytime soon.
@SPJ1993343 Generally I agree with you. Taxes are clearly not the problem since the tax burden on individuals and corporations has been steadily reduced for the last 15 years or more.
What I agree with you on is the little fact that no one wants to discuss because its too dire. Outsourcing will not abate until the wages, working conditions, and regulations in the US degrades to match those in foreign countries.
@plynth2 Unfortunately, Medicare and Social security are unsustainable. Social security is already the largest part of the deficit. So they need to go. I favor phasing them out slowly, so that we don’t just cut anyone off and so that we can phase in a new mindset about saving. But they need to go eventually. The generation in college right now won’t get any net benefit out of social security, and they’ll pay far more in then they’ll receive. Something needs to be done about it.