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© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Ryan says Senate biggest obstacle to passing tax cut
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CrazyJoe
The US is currently running a $600 billion annual deficit, despite the fact that we are at or near full employment levels, and the stock market is setting new records. This is largely a consequence of the ill advised Bush Tax Cuts of 2001 and 2002, which reduced federal revenues to levels which were well below the most minimal budgets of historical government spending.
George W. Bush also repeated the fiction that "Tax cuts pay for themselves", and when his own economics council chairman, Harvard economist, Greg Mankiw, contradicted him, Bush fired him.
Can Republicans in the top leadership be that stupid, and resistant to reason? The answer is that they are not stupid at all. They know full well that further tax cuts will widen the deficit, and eventually lead to a budget crisis, which they hope to resolve by demanding huge cuts to social programs, like Social Security, Medicare, and Medicaid.
This is their long standing plan, first articulated by the anti-tax ideologue, Grover Norquist, which he cleverly referred to as "Starve The Beast". He further advocates, "Strangling the baby in its crib", the baby being our federal government.
Ideologues such as these should have no role in GOP economic policy making, but this is the course that the GOP leadership has chosen, for better or for worse.
SuperLib
The rich will most likely get their tax cuts. The politicians proposing it are the ones who will benefit from it, and their base believes fact checking is some kind of evil voodoo by the opposition which should be ignored.
Madverts
Ryan is a spineless worm.
He has the biggest Trump tramp stamp. Looking forward to seeing his demise after the midterms.