House Republicans have once again shown that they have little
regard for the average American family or the typical American worker.…
House Republicans unveiled their budget proposal on Tuesday, demonstrating
that their priorities are still to wage war and to give the rich a
helping hand, all while sticking it to the poor. The House budget
proposes removing most of the 2010 reforms that were implemented to
regulate Wall Street and prevent a greed-driven collapse, like the one
that crashed the economy in 2008.
The GOP plan by
House Budget Committee Chairman Tom Price (R-GA) also calls for drastic
cuts to food stamps, Medicare, and Medicaid. Furthermore, the
House budget would also slash funding for Pell Grants. Those grants are
designed to help make college affordable for low and middle-income
families. In addition, The GOP blueprint calls for the complete repeal
of Obamacare, even though health care reform has added coverage for 16
million Americans who previously lacked insurance.
The proposal is basically a rewrite of the Paul Ryan
plan, which has been panned by critics and rejected by the U.S. Senate
repeatedly. The plan does however, increase spending in one key area. House Republicans want to spend 94 billion dollars to fight the global war on terrorism in 2016, more than double the amount requested by President Obama.
Republicans believe their budget proposal will
create a 33 billion dollar surplus by 2025, but that projection is based
on “dynamic scoring”, which presumes that supply-side economic growth
will increase tax revenues. Republicans used the same “dynamic scoring”
in 2001, to argue that the Bush tax cuts would spur tremendous economic
growth and fill the federal coffers with tax revenue. In their
theory, the prosperous nation would have so many high income earners
that lower tax rates would paradoxically create more tax revenue.
That, of course, never happened, but Republicans
still believe it will work differently this time around. They don’t
score their proposals based on what is likely to happen, but rather on
what they want to happen. Somehow, it always works out beautifully on
paper that way, though never in the real world.
While it should be obvious to the American public
what the Republican Party’s priorities are by now, the recently unveiled
House budget serves as yet another reminder about what the modern GOP
stands for. The Republican Party’s eagerness to cut programs
that benefit poor and middle class families, while lavishing favor on
the big banks, the corporate CEOs, and the military contractors,
demonstrates all too clearly who they work for.
The
GOP House budget may very well fail in the Senate. Even if it passes
the Senate, it will face a certain veto from President Obama.
Nevertheless, House Republicans have once again, made it abundantly
clear, that they have little regard for the average American family or
the typical American worker.
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