Monday, August 13, 2012

Ryan Republican Budget, FY 2013

On March 20, 2012, House Budget Committee Chairman Paul Ryan (Republican Wisconsin) released the GOP budget proposal for 2013. As feared, it is the plan that would harm the middle class while providing a windfall for millionaires. Ryan's budget makes deep, lasting cuts to many domestic programs, including Medicare, Medicaid, nutrition and housing programs. Meanwhile, it increases defense spending by $228 billion through 2022. The Ryan budget would also repeal the affordable care act (ACA), leaving 34 million people without health insurance coverage.

While the budget gives the appearance of eliminating certain tax breaks for the wealthy, it then uses those very savings to fund other tax cuts.

Most alarming perhaps are its proposals to end Medicare as we know it. And while his plans for Social Security are not as direct, don't be fooled: Ryan is still on a mission to privatize Social Security in ways that would leave the program and its critical Trust Fund on life support. These proposals spell danger for the millions who rely on them and for the millions who are counting on them to be there in the future.

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