The budget deficit is one the problems that this country is facing right now and there are a few ways to deal with it.
The quickest way is to do nothing. By doing nothing the budget deficit would be gone in 8 years. This is quickest, but probably not the best way. By doing nothing all the Bush tax cuts would expire, and the Obama tax cuts would be gone as well. Funding for the 3 wars we are in would stop. Funding for infrastructure projects would drop down to the levels they were under Bush which were way too low. Extended unemployment benefits would be gone. And a host of other things. So it would cure the deficit spending but slow down recovery.
The second way is to let the Bush tax cuts for the wealthy expire, but keep them for 95% of Americans. Exit the 3 wars over a couple of years. Reduce the military budget. Increase investment in new technologies to stimulate the economy which would start paying back in a few years. And close a lot of the corporate loopholes. Doing that would stretch the deficits out over a decade, but would work to get us out of the recession.
Then there is the Ryan plan. Ax most of the non-defense budget trying to cut $1.5 trillion out of that $600 million budget. Gut Medicare and later Social Security and give huge tax cuts to the rich. Ryan says this would get rid of deficit spending in about 50 years. Everyone who has run the numbers on the plan say it would add $6 trillion to the deficit over that time. That isn't taking into account the cuts to education giving us an uneducated workforce at the time when the bulk of the deficit is supposed to be paid down. Ryan says that's just the opinion of people who can add and subtract.
Shortly after introducing this plan Ryan was surprised that his constituents got angry at him at a town hall meeting. It seems people don't like the idea of having put money into Medicare all their lives only to have it taken away and given to the people that like it the least.
So to Paul Ryan, I say, “Shut-up Stupid and stop whining, Your budget plan makes no sense and everyone can see it is just a front to steal the money that middle class people have paid all there lives and give it to the richest 2% of Americans.”
By Darrell B. Nelson author of I KILLED THE MAN THAT WASN'T THERE
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