Wednesday, April 09, 2014

Paul Ryan: Modern Day Faustian Antihero

Faust, bored with his life as a highly successful scholar, tried to fool the devil, selling his soul for for unlimited knowledge and worldly pleasures.  He thought he could fool the devil but, at least in some versions of the story, pays the ultimate price for his trickery and valuing of human life of the divine. Paul Ryan sells himself as a no-nonsense “realist” who is simply trying to cut the deficit and improve the economy over time. But what is he really doing? Looking at his latest budget, one could argue he is instead doing the devil’s work (or at least the Koch brothers), in the guise of providing a “Path to Prosperity.” Let’s let a look at the lowlights …

  • Focuses most of its cuts on programs serving children and families. According to the Center on Budget and Policy Priorities, at least 69 percent of the Ryan budget’s cuts to non-defense programs over the next decade would come from programs that serve low-income children, families and individuals including Medicaid, SNAP, Pell Grants, the Earned Income Tax Credit, the Child Tax Credit, school lunches and other child nutrition programs.
  • Takes food and medicine from babies to give tax breaks to the rich and corporations. The Ryan budget slashes the top income tax bracket from 39.6 percent to 25 percent, and reduces the corporate rate from 35 percent to 25 percent with no way of paying for it. Meanwhile, the budget proposes cutting food stamps by 18 percent over the next decade and cuts Medicaid by $1.5 trillion over 10 years and would effectively eliminate the Children’s Health Insurance Program (CHIP), the only health insurance program specifically for children.
  • Pushes college further out of reach for low-income students. The budget proposes cutting Pell grants by more than $125 billion over the next decade, freezing the maximum grant for students even as tuition continues to increase.  
What a humanitarian!

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