Friday, April 13, 2012

Pals: Romney and Ryan, How the Banks Destroyed Medicare, Ryan's Faith

New Best Buds Getting Along

"One of the sharpest dividing lines emerging between President Obama and GOP presidential front-runner Mitt Romney is the budget introduced in Congress by Rep. Paul Ryan, R-Wis., with its sharp cuts in domestic spending and lower tax rates."

"Linking himself to Ryan's proposed tax cuts and structural reforms for Medicare was a bold conservative move, says Vin Weber, an informal adviser to the Romney campaign.  'It helped with the Republican base, and it helped unify the Republican Party more broadly than that,' says Weber.  'But I think at the end of the day the question is, 'Will a serious approach to reforming Medicare -- and thus dealing with our long-term debt problem -- be a winning issue in the fall, or won't it be?' I genuinely fear for the country if it's not.  But it is an open question.'"

Banking Off the Hook

"The world’s largest banks have been accused of many things in recent years, including taking excessive risk in the run-up to 2008, doing great damage to the American economy by blowing themselves up and then working hard to resist any sensible notions of financial reform."

"All of this is true, but it misses what is likely to be the most profound negative impact of the banks’ behavior on most Americans.  The banks’ actions led directly to an increase in government debt, which in turn has made the reduction of that debt by 'cutting runaway spending' a centerpiece of the Republican presidential campaign to date.  As a result of this pressure, Medicare now stands on the brink of being eliminated as a viable form of social insurance.  Yet the executives who lead these banks -- and the politicians with whom they work closely -- will not be held accountable this election season."

Religious Leaders Slam Ryan For Using Catholic Faith To Justify Cutting Programs That Help The Poor

"House Budget Committee Chairman Paul Ryan (R-WI) told Christian Broadcast Network earlier this week that the House GOP’s budget, which he wrote, was driven by his Catholic faith.  'A person’s faith is central to how they conduct themselves in public and in private,' Ryan said, and Catholic principles are what led him to cut programs for the poor so as to keep people from becoming 'dependent on government."

"'By these measures,' the release [from the PICO National Network, the largest national coalition of religious congregations] says, 'the Ryan budget is a severe failure,' noting that it cuts Medicare, Medicaid, Pell Grants, food stamps, and 'other programs that help vulnerable working families make it through tough times and live better lives,' while giving massive tax breaks to the wealthiest Americans and corporations."


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