Today’s release of the GOP/Ryan budget reminds us of the famous line, “the definition of insanity is doing the same thing over and over again and expecting different results.” Today marks the third time House Republicans have released the Ryan budget, which in Rep. Paul Ryan’s Orwellian terms he’s also named a “Path to Prosperity.” Thankfully the result again this year will likely be the same. Dead on arrival. We say thankfully because, once again, this budget pretends deficit reduction alone is economic recovery, while ignoring the financial realities millions of America’s middle-class families still face in this slow economy. This plan also targets seniors in Medicaid with cuts, a “coupon care” plan for Medicare which would ultimately end traditional Medicare, and a fast-track plan to cut Social Security benefits:
“Once again, House Republicans have re-introduced the same flawed budget approach middle-class Americans have rejected in poll after poll and most importantly at the ballot box. Rather than deal with the true challenges facing this nation including, slow economic growth, high unemployment, and unprecedented income inequality, the GOP/Ryan budget targets middle-class seniors and their families with massive cuts to pay for tax cuts benefiting huge corporations and the wealthiest among us. Americans want a balanced approach to the national budget. This cuts-only plan isn’t it.
The Ryan plan would create vouchers in Medicare leaving seniors and the disabled – some of our most vulnerable Americans – hostage to the whims of private insurance companies. Over time, this will end traditional Medicare and make it harder for seniors to choose their own doctor. Vouchers are designednot to keep up with the increasing cost of health insurance… that is why they save money. If the GOP/Ryan budget becomes law, seniors would immediately lose billions in prescription drug savings, free wellness visits and preventative services provided in the ACA, and the Part D donut hole returns.
Destroying traditional Medicare and leaving millions of Americans without adequate health coverage is not a path to prosperity for anyone except for-profit insurers. The American people understand that.” Max Richtman, NCPSSM President/CEO
Senate Democrats have also prepared their budget plan which will be released tomorrow. According to Huffington Post, the Democratic Budget plan:
“… calls for $975 billion in additional revenues through closing loopholes and ending tax expenditures. The budget, unlike Ryan’s, doesn’t close the door on going beyond the fiscal cliff deal either; it calls for the continuation of current tax rates for middle and lower class Americans but does not specify whether current rates should be protected for high-end earners.
“While House Republicans are doubling down on the extreme budget that the American people already rejected, Senate Democrats are going to be working on a responsible budget that puts jobs and the economy first and reflects the values and priorities of middle class families across the country,” read a statement from Murray.
A top Senate Democratic aide said that the specifics — including where rates should be set, which loopholes should be closed, and which expenditures should be ended — would be left to the Senate Finance Committee. The Murray budget does give the Finance Committee some help, though, offering parliamentary instructions (known as reconciliation) to help ensure the tax reform bill it produces will be granted an up-or-down vote.
While the $975 billion figure is ambitious, the Senate aide pointed to a report by the Center for American Progress that showed $1 trillion in savings could be gained through “reducing or reforming tax breaks.”
On the spending side, Murray’s budget looks for $493 billion in domestic cuts, $275 billion of which will come from health care savings. The aide said that those health care savings, which will also be determined by the Finance Committee, would be felt solely on the provider side and not among beneficiaries. Additionally, the budget calls for $240 billion in defense spending cuts and $242 billion in reduced interest payments.
Those savings in total will replace the sequestration-related cuts that went into effect on March 1. Over a ten-year window, they will reduce the deficit by $1.95 trillion. But since Murray’s budget also sets aside $100 billion for economic stimulus measures — $50 billion on repairing highest transportation priorities, $10 billion on projects of major regional importance and the rest on other items like worker training — the total savings will be measured at $1.85 trillion.”
These budgets clearly lay out starkly different priority choices. Especially for middle-class families and retirees who understand first hand the value of programs like Social Security, Medicare and Medicaid, and who want those programs preserved for future generations.