Voodoo economics is back…again…

Well….with all of the praise that Paul Ryan is getting for his budget proposals, you would think he was on to something new, since his plan has been deified in the right wing press as the heaven sent solution to all of our problems…okay, I made that last part up but I really think that has been the gist of the reaction from even mainstream media. To get a full explanation that is done better than I could do, check out Paul Krugman’s column in the NY times this morning…yeah, I know, I have been trying to not go there but it is hard to give up something that has been a part of my life for so many years. Now, back to the Ryan proposal, the cornerstone of this monstrosity is the re-invention of the voodoo economics of the Reagan administration; that is, that as you cut taxes, revenue to the government will rise…a theory that has been proven wrong every time it has been tried since the 80′s….if this stupid theory worked, the government would be awash in money and there would be no deficit problem since overall taxes are lower now that they have been on over 50 years. The only question that comes to my mind is prove it; where are all of these dollars they talk about?

The second thing that all of us should be quite concerned about is the inclusion in Ryan’s proposal to turn Medicare into a private insurance scam that would give insurance companies the ability to make trillions more profit off people that have no place else to go. How can he stand there with a straight face and say that it will save money to change a program that has a 9% overhead to one a private one whose overheard ranges from 20-30%. Just another plan to reward the rich insurance companies at the expense of you and me. Aren’t you tired of this crap yet? Geez….

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