Don’t suppose this will mean much to the fanbois:
The nonpartisan Congressional Budget Office’s initial analysis of the House GOP budget released today by Rep. Paul Ryan (R-WI) is filled with nuggets of bad news for Republicans.
In addition to acknowledging that seniors, disabled and elderly people would be hit with much higher out-of-pocket health care costs, the CBO finds that by the end of the 10-year budget window, public debt will actually be higher than it would be if the GOP just did nothing.
Under the so-called “extended baseline scenario” — a.k.a. projections based on current law — debt held by the public will grow to 67 percent of GDP by 2022. Under the GOP plan, public debt would reach 70 percent of GDP in the same window.
JPL
The MSM won’t cover it so it didn’t happen. Ryan is a serious person.
freelancer
I love you.
General Stuck
Oh no. They are running on high octane ideological fuel with the afterburners wide open on the clown jet. Just hope they brought their parachutes along, or at least a voucher for them.
John Cole
I already linked this…
arguingwithsignposts
@freelancer:
This is a truism if ever there was one, regardless of the issue.
Comrade DougJ
@John Cole:
Yeah, but did you call Ryan a glibertarian spokesmodel? ;)
BGinCHI
Come on, Doug, that’s the price of doing business.
Amirite?
JPL
@Comrade DougJ: this is for both of you…Count the times that MSM mentions the CBO report in the next 24 hours.
zach
Additionally, the CBO score assumes revenues will reach 19% GDP under Ryan’s proposed tax reforms (they won’t) and is stingy with savings from Obamacare. I think the CBO traditionally underestimates GDP growth as well; this will underestimate the drop in revenues associated with widening the tax base (ie cutting taxes for the wealthy, who tend to pay more when GDP growth is strong).
JPL
It really doesn’t matter if every front page poster on Balloon Juice mentions the CBO score because MSM won’t. Ryan is a serious, courageous, truthful person and that is what they want you to believe.
agrippa
Sullivan ? His ability to discriminate intelligently runs the gamut from “A” to “B”.
Ryan is playing. That budget of is an affectation.
Ryan is as morally and intellectually bankrupt as Sullivan.
BGinCHI
@JPL: Isn’t it amazing that the GOP gets huge props and tons of coverage for being “serious”?
Is that the bar?
Is it an admissions that they are so lackluster or pathetic that if they could just get serious it would all come right?
Were they joking before? What was funny about it?
Unbelievable.
JPL
@BGinCHI: Could it be that MSM is owned by corporate America.
Garrigus Carraig
Am I banned? I don’t see my post.
Walker
What is “redudiates”? Is that like refudiates? Except that “dude, you have been redudiated”.
General Stuck
And Obama apparently repudiates the House Wingnuts.
Looks like obama called their bluff and showed them the door, and the bold by me seems maybe Boehner leaving himself and the wingers a little wiggle room. Otherwise, an epic whine from Boehner.
Comrade Luke
It’s amazing to me how worthless the current crop of Republicans are: Boehner, Cantor, Ryan, Paul, Bachmann.
These are the so-called leaders of the party? How in the sweet holy fuck are they driving the conversation? I doubt they can drive themselves to work.
ben
Shooting down Ryan really shouldn’t take anyone more than, say, five minutes on Google. As Krugman has pointed out numerous times, his plan is basically mandatory Medicare Advantage, the private insurance option for current Medicare beneficiaries. Medicare Advantage costs currently run about 109% of the cost of traditional Medicare. So, switching everyone over today to voucherized Medicare would probably raise Medicare costs by 9% – i.e., no savings.
What would be funny if it weren’t sad is that I’ve been around Dems for a long time, and I honestly think that if this were a good idea, Dems would have supported it long ago. The fact is that it’s a terrible idea, that Medicare Advantage was itself only reluctantly accepted to appease GOP interests and has proven itself the money sink it was predicted to be, and that the Dems were right all along to reject voucherizing Medicare. It’s not that complicated a story, unless you’re desperately looking for someone to bestow the “serious adult” title on in the GOP.
TaMara (BHF)
So glad we’ve got those serious republicans doing serious work in the gov’t, making sure the debt will continue to be high in 2022, so they have something to run on…again.
Comrade DougJ
@Walker:
Sorry, a typo.
Calouste
@efgoldman:
Well, at least they are not actively apologizing for Nazis like nazi-apologist Pat Buchanan does. Boehner might be seen with candidates who like to dress up in traitor Nazi uniforms, but Republicans like them some traitors. Maybe Cantor being there keeps things slightly in check.
So if Nazi-apologist Pat Buchanan is a soul of reason compared to the clowns, what does that make the clowns?
JasonF
Why does CNN say the opposite of TPM?
CNN: A CBO analysis says Paul Ryan’s budget proposal would dramatically cut debt.
My internet connection is acting goofy so I can’t read the letter on TPM. But the fact that they posted the actual CBO letter and CNN didn’t doesn’t predispose me to believe CNN…
Steve
@JasonF: Over the next 10 years, debt would go up. 10 years from now, once they start getting rid of Medicare, of course public debt will start going down because we’re not paying for Medicare any more. So they’re both right, but the takeaway is that aside from getting rid of Medicare, Ryan’s plan does nothing to help the deficit at all.
JC
Obama has to be on the right side of this, correct? I know Krugman gets all doubtful on this, because of the tax cuts for millionaires that Obama signed – I get doubtful too.
As always, american media is atrocious on this, and psychopathic. We just extended tax cuts for millionaires and billionaires, and yet we are supposed to take this seriously.
Especially considering the laughable assumptions – less than 3 % unemployment?
Maude
@JC:
Obama went along with the Bush Tax Cuts to keep the middle class tax cuts and unemployment benfits. He did the right thing.
He also got DADT which would not have happened if he had stone walled the Repubs on the Bush Tax Cuts. He also got Senate aproval of START.
j
Just curious, can any legal eagles explain what will happen to all those Medicare (Part B) motorized scooters that the teabagger lardasses have been riding around on?
I mean, they were all paid for by “gummint” Medicare, and are all warranteed under contracts paid for by “da gummint”, so all those warrantees would be invalid (Ha! I made a funny.).
Did any of the Kock brothers mouthpieces explain this to those bagers?
Oh hell. They will all be dead within a year due to the bagger manifesto of “no gummint!”. It’s too bad they are too stupid to realize it.
Ming
shouldn’t the Clown Shoes tag be deployed here?
Ruckus
@efgoldman:
Disagree on buchanan. He was a huge turd then and he hasn’t changed. But he did try to pivot on the religious angle which meant that you didn’t see the crazy as much different than other pious assholes. This group is just fucking crazy and is trying to pivot the world around that roll of dollars that’s stuffed up their asses.
There seems to be a theme about my prose tonight.
ChrisB
Looking forward to seeing this highlighted on Morning Joe tomorrow.
Mark S.
@JasonF:
This might explain the problem:
Just assume we’ll cut the budget in half in ten years. It could happen.
Thomas
Lost in all the rush of everyone in the media to kiss Paul Ryan’s ass and praise his “courage” for wanting to gut the safety net is that his proposal would last exactly one election cycle in practice. Then Congress would raise the limit of his vouchers and the next thing you know it would end up costing more than what we are doing now.
Face it rich people. Your taxes will be raised eventually. you’ve done too good a job convincing people the debt is a problem.
Morbo
@Mark S.: Yeah, and we might get unemployment down below 3%. No, seriously, they’re claiming that will happen.
Thomas
@Morbo:
That’s hilarious. But don’t worry. This is a very serious plan … to pass massive tax cuts for the affluent and leave the disabled and elderly out on the street.
Erik Vanderhoff
HAHAHAHAHAHAHAHA — WHEEZE — HAHAHAHAHAHAHAHA!
Gotta love those leg-humping-the-rich Republican plutocratic sycophants.