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Old 03-04-2010, 10:03 AM
Danzig Danzig is offline
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http://finance.yahoo.com/news/Obamas....html?x=0&.v=1


Now the 40-year-old Janesville, Wis., native is emerging as the leading GOP voice on economic policy, thanks to his detailed blueprint for solving what both Democrats and Republicans agree is a perilous fiscal future. (How bad is America's financial picture? The President's budget for 2011 forecasts deficits running at more than $1 trillion, or an unsustainable 4.2% of GDP, in 2020 -- and that assumes low unemployment and decent growth of the economy.)

Ryan calls his proposal, published in January, the Roadmap for America's Future. It's a remarkably comprehensive, daring manifesto that tackles every part of the budget on a presidential scale, from Social Security to tax policy to health-care reform.

His prescription for health care is radical: Ryan would eliminate the exclusion allowing companies to lavish on employees tax-free benefits and give the tax breaks to the workers themselves through a rebate of $5,700 a family, or a check for that amount if they don't pay taxes.

"The problem with both Medicare and private plans is the third-party-payer system," says Ryan. "Consumers, spending their own money, will drive down prices." Ryan proposes a classic flat-tax solution: Americans could choose between using today's byzantine rules and a simplified, post-card model with two rates, 10% and 25%. Believe it or not, the simplified system would disallow mortgage and other deductions.

In February the Congressional Budget Office analyzed Ryan's road map -- and confirmed that it produced the falling deficits and balanced budgets that Ryan promises. "By proposing cuts in benefits, Paul Ryan is demonstrating the nature of the solution that must occur," former Fed chief Alan Greenspan told Fortune. "You can't close the gap with tax increases alone, and if you try to do it, you slow growth and reduce future tax receipts."
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Old 03-04-2010, 10:11 AM
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randallscott35 randallscott35 is offline
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Even if they use recon for this it won't stand up in court. It's over on this, they don't get it. Recon is to be used for budget issues, this isn't one, it will not stand up. Not a chance....Barack should be worried about the economy and nothing else.
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  #3  
Old 03-04-2010, 04:00 PM
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SOREHOOF SOREHOOF is offline
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If the House passes the same bill that was already passed by the Senate it goes straight to the desk of the Prez.
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Old 03-04-2010, 05:33 PM
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timmgirvan timmgirvan is offline
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Good work on those posts,Ziggy!
Randall: he's campaigning for 2012......
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  #5  
Old 03-04-2010, 06:52 PM
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dalakhani dalakhani is offline
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Quote:
Originally Posted by Danzig
http://finance.yahoo.com/news/Obamas....html?x=0&.v=1


Now the 40-year-old Janesville, Wis., native is emerging as the leading GOP voice on economic policy, thanks to his detailed blueprint for solving what both Democrats and Republicans agree is a perilous fiscal future. (How bad is America's financial picture? The President's budget for 2011 forecasts deficits running at more than $1 trillion, or an unsustainable 4.2% of GDP, in 2020 -- and that assumes low unemployment and decent growth of the economy.)

Ryan calls his proposal, published in January, the Roadmap for America's Future. It's a remarkably comprehensive, daring manifesto that tackles every part of the budget on a presidential scale, from Social Security to tax policy to health-care reform.

His prescription for health care is radical: Ryan would eliminate the exclusion allowing companies to lavish on employees tax-free benefits and give the tax breaks to the workers themselves through a rebate of $5,700 a family, or a check for that amount if they don't pay taxes.

"The problem with both Medicare and private plans is the third-party-payer system," says Ryan. "Consumers, spending their own money, will drive down prices." Ryan proposes a classic flat-tax solution: Americans could choose between using today's byzantine rules and a simplified, post-card model with two rates, 10% and 25%. Believe it or not, the simplified system would disallow mortgage and other deductions.
In February the Congressional Budget Office analyzed Ryan's road map -- and confirmed that it produced the falling deficits and balanced budgets that Ryan promises. "By proposing cuts in benefits, Paul Ryan is demonstrating the nature of the solution that must occur," former Fed chief Alan Greenspan told Fortune. "You can't close the gap with tax increases alone, and if you try to do it, you slow growth and reduce future tax receipts."
I actually like Ryan. A little snarky at times but I like that he backs up what he says with numbers.

The problem with a flat tax is that it will destroy the housing market when it is barely staying afloat as is.
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Old 03-04-2010, 07:23 PM
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dalakhani dalakhani is offline
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http://www.roadmap.republicans.budget.house.gov/plan/

The Ryan plan if anyone wants to read it. Can't say that I agree with all of it but it is a step in the right direction conservatives. He is often on CNBC in the mornings.
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Old 03-04-2010, 08:45 PM
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Riot Riot is offline
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Obama even likes Ryan. They will use reconciliation, and of course it will stand up, just like it has all the other times they've used it.
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Old 03-04-2010, 11:04 PM
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dalakhani dalakhani is offline
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Quote:
Originally Posted by Riot
Obama even likes Ryan. They will use reconciliation, and of course it will stand up, just like it has all the other times they've used it.
I dont think Obama likes Ryan. As a matter of fact, I think Obama can't stand him. They are polar opposites.

You can see the beginnings of a 2012 campaign starting though. A manifesto like the one Ryan just put out is the clear sign.
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Old 03-08-2010, 06:16 AM
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herkhorse herkhorse is offline
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http://probablybadnews.com/2010/03/0...-be-turned-on/
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  #10  
Old 03-08-2010, 08:38 AM
Danzig Danzig is offline
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http://online.wsj.com/article/SB1000...ctions_opinion
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