Forget debt, the real crisis for Paul Ryan is the that rich aren’t rich enough
Paul Ryan’s latest budget has the same goal as his last four budgets: It slashes taxes for the rich while slashing pretty much everything for everyone else.
The biggest benefit will go to the richest .01 percent — who have seen their share of income quintuple in the last forty years.
Those who earn over $1,000,000 a year would see an average break of $200,000 a year.
Because during a recovery where 95 percent of the benefit has gone to the richest 1 percent, somebody has to stand up for gluttony.
Paul Ryan’s entire argument to justify his budgets is that America is facing a debt crisis. It’s the fundamental premise of his worldview, as summed up by Jonathan Chait.
In Ryan’s Randian hellscape, everything must be done to tame the debt in the next ten years, except anything that could hurt the GOP immediately with seniors, though huge cuts to Medicare will follow. And taxes must never be raised, nor may any tax break be eliminated. Also, we should spend more on defense.
Thus incredible cruelty must be inflicted from the cuts he proposes to the programs the keep America’s working poor and elderly from abject poverty.
http://www.eclectablog.com/2014/04/forget-debt-the-real-crisis-for-paul-ryan-is-the-that-rich-arent-rich-enough.html
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