Paul Ryan, in an appearance on Fox News, told Chris Wallace "Well, I don’t have the time. It would take me too long to go through all of the math," when Wallace pointed out that Romney and Ryan haven't gone into specifics on their tax plan. Ryan then went on to explain the plan to cut taxes twenty percent across the board, including taxes for the wealthy. Watch it.
The Ryan plan is a work of fiction. You have only to look at it for 5 minutes to realize that absolutely NONE of the numbers add up. He doesn't allow for market value when talking about medical care costs, he's back in the 50's on costs there, then he doesn't allow for inflation or even different cost of living values in different parts of the country. You can't get in California costs what you might get in Texas costs. Everybody knows that the cost of living, housing, etc., is different in different parts of the country.
So then how can he name a figure of what medical insurance is going to cost us without adjusting for inflation or cost of living??? He doesn't even mention either in this plan.
The whole plan is still skewed toward doing away with SS and Medicare within a few years and replacing it with worthless vouchers and "tax credits". We already have medical care tax credits figured into the tax code and I don't see it helping anyone with costs because of runaway inflationary costs of medical care in general. Just look at the price of prescription medicine. One that I take doubled in price within a few months. Yet I hardly think the manufacturing costs to produce it doubled. After all, we know factory workers sure aren't getting raises. Big Pharma does what Big Pharma wants. Just like Big Oil. Between those two the middle class is going to be wiped out!
John, Los Angeles
10/1/2012 10:31:08 PM
I don't get this. Ryan says his, I mean theirs--I think, tax plan will lower everybodies tax rate by 20% but it will be "revenue neutral" by eliminating "loopholes," which he refuses to specify. He then goes on to say it will stimulate the economy by allowing everyone to keep more of their money. Well, how can this tax plan be revenue neutral but still allow people to keep more of their money. Seems contradictory to me. Can anyone help me with this? He sounds like a "snake-oil salesman" to me.
Old Age Really Sucks
10/1/2012 7:19:50 PM
This is not about math. This is about "Atlas Shrugged." The Romney/Ryan ticket are about the worthy rich who aren't going to take government interference anymore. As for everyone else, they'll "shrug" and say "Tough luck!"
Linda S Houston
10/1/2012 6:44:34 PM
I just spent about an hour looking over Ryan's miracle budget on his Congressional website. Instead of journalists asking vague, open ended questions they need to hone in on that piece of junk and start asking hard questions about the numbers that are in there instead of asking Ryan to recall them.
For instance:
He is throwing the 55 and under crowd to the wolves on medicare. He says $11,000 a year will cover all of medicare expenses for a family for a year. On what planet??? Most of us either are on Medicare now or we are familiar with the process because of our parents. I know that my mother spent nearly $4000 a year just on a Medicare supplement because Medicare only pays 80 percent of hospitalization. It doesn't even begin to address monthly prescriptions which is the bulk of what many seniors pay out now.
This man is SMOKING CRACK if he thinks this kind of money will cover medical expenses for seniors in the market we have now. Then he says $3700 a year will cover a single person's medical insurance premiums. Again, on WHAT PLANET?
He keeps talking about UNIVERSAL ACCESS to healthcare. DUH! We all have universal access to pay these medical insurance vultures out the rear end and have nothing left. They will gladly take our money. There is not one of them that will give you healthcare coverage for $3700 a year! It simply doesn't exist. I know, I've done the research.
This idiot piece of work is mostly garbage ideology with very few numbers and the numbers are complete FICTION. He threw in a few charts for added color.
If I were Paul Ryan I would be ashamed and embarrassed to even admit I had anything to do with that budget.
But the true question is, how many idiots that are going to vote for these two will actually take the time to see what is in that budget? They don't want to be confused with the facts. Just give them their Reagan feelgood moments and they will pull the lever on their own financial future and flush it down the toilet.
It's a sad day in America. How dumbed down we have become.
miblue
10/1/2012 2:47:44 PM
Ryan and Romney Math. $5T in tax cuts for the greedy ingrates plus $4T in defense spending that the Pentagon doesn't want minus $4T in benefits cuts to those 47% people equals Bush Economic Debt Disaster II "Death of the Middle Class - the sequel." The same old GOP "trickle on" philosophy that has proven to be a failure - repeatedly. It better start trickling soon or there will be trouble. You will know when it arrives when the part-time, no benefit, minimum wage security guards are a no show at your gated community - but by then it will be too late.
Lee, Albuquerque
10/1/2012 2:01:41 PM
If his tax plan is so wonderful, you'd think he would be anxious to share it via one of his Power Point presentations.
Rob, Oregon
10/1/2012 10:47:51 AM
Yes, don't bore us with anything that will back your talk Paul. You cut everybody's taxes by 20% and all public funded programs collapse. You head for third worldism. He's full of shit. The people on the lower rungs get a few hundred back, the top gets a few million, everything is underfunded, then they start with the drastic cuts. The middle has to pay 30, 40, 50% more for everything they had before completely wiping out their token tax cut. The wealthy laugh all the way to the Cayman Islands. These teas just will not quit with the reverse Robin Hood bullshit that giving more and more to the wealthiest is good for everybody else. THEY LIE
ron mariposa
10/1/2012 10:00:01 AM
This man is a liar as the gop=tea baggers in congress have a plan and that is to screw the middle class while giving the puppet master more. I have seen post on different sites that show some of the things that are on their radar for loop holes are mortgage dedcutions, child credits, and state a local tax dedcutions. They also want to tax the portion of what your employer pays for group health insurance, tax your employers share of social security, tax you monthly social security check. While all this is going on they are making capital gains tax ZERO, ZIP, NIL while lowering all these taxes by 20% which will mean that the top 1% will be paying ZERO or nearly ZERO. They also want to rasie the retirement age only for social security, but not for themselves. Also have been readiing that they have their plans against women's health ready for the national stage along with gay marriage, the eviroment, deregulations, and more conservative socialism.... What is wrong with the people dont they bother to find out what these clowns want for this country....
just my humble views
Lee, Albuquerque
10/1/2012 9:12:05 AM
Is that "Tax Math" or "Tax Myth"?
donnajoy
10/1/2012 8:20:06 AM
I see now how fools buy Paul Ryan's bull. He uses fancy words with NO substance behind them: "revenue neutral" "baseline argument" "preferences" "broaden the tax base." This man is not bold or intelligent. He is an ideologue who thinks that the public as a whole is stupid and will buy his bull. Problem is that it is what he does not say that will hurt many of us. Paul plays with the term loopholes and tries to entice us in to believing that the mortgage deduction loophole and some type of healthcare loophole will remain. He and Romney say that with their changes we will take home or keep more of our money but in reality with their plan this will not actually happen. It will work for the 1% but not really for us. That is why he MUST stay VAGUE while claiming it would take too long to explain to us how it would actually work. It shows his arrogance and at the same time his disdain for the public and indicates that he sees himself as he smart one in the room and the rest of us as the e stupid ones who cannot understand the details of his plan and we should just TRUST him because he wants to help us. What a bunch of bull!!!.
This is the same Tea Party strategy used in the 2010 elections to get extreme right wingers elected. Tell the public what you think they want to hear and when elected, enact ALEC drafted laws which give more tax breaks to the wealthy and large corporations and take from the rest of us.
