Well, here we go again: another year and another cynical, phony "budget" produced by Paul Ryan for the Republicans.
The two chief features of the Ryan budget are the reduction of the top tax rate from 39% to 25%, and the top corporate tax rate from 35% to 25%. It is vitally important to notice that this is nothing but a massive giveaway to the rich, beyond anything we have seen proposed before, even by corrupt Republicans. You would have to be a fool to think that this has anything to do with decreasing the budget deficit- in fact it would explode it, and add trillions to the national debt.
Now, for the feature that is nowhere to be found in the budget: As has been Republican practice for the last several years, this document claims to balance the Federal budget by resorting to Republican promises about "closing loopholes" and "eliminating fraud and waste." But in fact, nowhere will Ryan (or any other Republican) identify which "loopholes" they want to close, nor provide evidence of fraud and waste that amounts to anything but a minuscule fraction of what would be needed to cover current deficits, let alone the massive new giveaways that they are proposing to provide to the rich.
Unfortunately, we all know that what Republicans are talking about when they cite loopholes are the mortgage interest deduction and health care deductions- which would massively punish middle class taxpayers in order to subsidize the lowering of tax rates on the rich- the only thing this ludicrous proposal is really about.
Finally, this document contains repeated malicious claims that regulation has to be done away with and the right of ordinary people to hold corporations responsible for the damage they do be curtailed; again, the same lying cant we have heard from Republicans for decades.
In fact, this "budget" is nothing but a rich person's wish list, which could have been written any year since the fifties. It has absolutely nothing to do with dealing with the deficit, which Republicans do not care about in any way, and everything to do with further enriching the wealthy backers who pay to keep Republicans in office, at the expense of everyone else. That is all Republicans ever care about, because they have long ago sold themselves into slavery to the rich. This has been true for a hundred years, and shows no sign of ever changing, no matter how much damage their behavior does to the rest of the country, and no matter how they fare in elections.
Well, there you go. Just one more cynical demonstration by Republicans that they don't give a God damn for anyone but the rich, and one more attempt to shove a deceitful, criminal theft of the nation's resources down the throats of the American people. Nevertheless, it will be hailed by far too many in the mainstream press as a bold, serious attempt to deal with our nation's financial situation, massively increasing the chances that the country will slit its own throat by enacting any of this disingenuous, vicious nonsense.
Note: this is a cut down version of a piece I posted on my blog, where I list all of the actual provisions of the Ryan budget, and go through them one by one. If you care, you can find it here.