Paul Ryan Created a Trillion-Dollar Deficit and Then Quit

[gotsnowgotslush]

Paul Ryan is laughing, all of the way to the bank

For years and years, Rep. Paul Ryan’s self-projected “thing” was that he was a geeky budget wonk who was gravely, gravely concerned about the American government’s unsustainable fiscal future.


Paul Ryan really care about reducing the deficit once he attained the power to do so, or not ?


Federal Budget Deficit Projected to Soar to Over $1 Trillion in 2020

https://www.nytimes.com/2018/04/09/us/politics/federal-deficit-tax-cuts-spending-trump.html

Ryan-McConnell-Trump tax and budget policies—enacted during a time of relative economic prosperity!—will actually create a $1.5 trillion deficit by 2028.

 

[Blue]

That makes 25 house republicans and three republican senators who have decided to end their political careers this year before the 2018 mid terms, the highest number for one party in decades and according to FiveThirtyEight, the only time in the past 40 years there’s been a bigger partisan discrepancy between party members retiring was 2008, which turned out to be a Democratic wave year.

They don't want to run candidacies which they know they will lose after toxifying their reputations by propping up various Trump legislative decisions which are decidedly in opposition to the party-of-workers façade they've been trying to maintain for years.

 

[gotsnowgotslush]

Paul Ryan believed the Obama administration was undermining the moral foundations of American society by redistributing too much income from the makers to the takers.

The key to Ryan’s rise was that very few people understand who he was or where he came from. Ryan was a conservative-movement ideologue devoted to supply-side economics. During the Bush administration, Ryan demanded larger increases to the budget deficit than those he dismissed as “the green-eyeshade, austerity wing of the party” could swallow. He demanded larger debt-financed tax cuts, and tried to drum up support for a debt-financed Social Security privatization scheme that the Bush administration rejected as fiscally irresponsible. As a back-bench ideologue, he attracted little attention except from a handful of conservatives who agreed with his ideas.

But by 2010, Ryan had become the face and the brain of his party. And the national news media and the business elite had something different in mind when it came to fiscal calamity. They feared the budget deficit, which Ryan had spent his career working to increase, was too large, and they believed bipartisanship, which Ryan had spent his career ignoring, was the necessary solution. And so Ryan was cast to the country as the champion of bipartisan cooperation to solve the debt crisis, which was understood by these elites to be the country’s foremost problem.


Ryan inhabited this peculiar role because the news media, having concluded that the Obama administration had forsaken bipartisanship and irresponsibly inflated the deficit, desperately needed someone to play the part it had cast. The fact that Ryan personally and repeatedly undermined every single bipartisan negotiation to reduce the deficit — opposing the Bowles-Simpson plan, direct negotiations with the administration, and a compromise Obama hoped to strike using the fiscal cliff as a prod — did not shake loose his reputation.

http://nymag.com/daily/intelligence...-factotum-the-rise-and-fall-of-paul-ryan.html

 

[FEELINGLUCKYPUNK]

No Democrats voted for the budget and debt.

 

[Macdaddy23]

Ryan is no better than Trump. Both are hungry dogs except Trump is hungry for sex where Ryan is another kind of nut ball. Ryan wants the money and lets the other people in America hang out to dry. The rich Republican's get a $33,000 tax break thanks to Twitter and Chief and the regular American's get $40 not even enough to go to the fucking Red Lobster.

Some other dick will replace Ryan. Yeah ol Ryan "wants to be with the wife and kids" bull shit. He got his wish so he's leaving. He used Trumps stupidity to his advantage. I so want to see the Trump Administration brought down. Those are horrible people.
Where is ol "I sound like I just entered puberty" Jared Kushner at these days I wonder?

 

[Hypoxia]

Paul Ryan Created a Trillion-Dollar Deficit and Then Quit

Bill him. Set up a payment installment plan. He and his heirs and assigns should have it paid off before the heat death of the universe or Hell freezes over, whichever comes first.

 

[phrodeau]

Ryan is no better than Trump. Both are hungry dogs except Trump is hungry for sex where Ryan is another kind of nut ball. Ryan wants the money and lets the other people in America hang out to dry. The rich Republican's get a $33,000 tax break thanks to Twitter and Chief and the regular American's get $40 not even enough to go to the fucking Red Lobster.

Some other dick will replace Ryan. Yeah ol Ryan "wants to be with the wife and kids" bull shit. He got his wish so he's leaving. He used Trumps stupidity to his advantage. I so want to see the Trump Administration brought down. Those are horrible people.
Where is ol "I sound like I just entered puberty" Jared Kushner at these days I wonder?

Jared's in Peru. If he has any sense, he'll stay there.

 

[Boxlicker101]

Paul Ryan is laughing, all of the way to the bank

For years and years, Rep. Paul Ryan’s self-projected “thing” was that he was a geeky budget wonk who was gravely, gravely concerned about the American government’s unsustainable fiscal future.


Paul Ryan really care about reducing the deficit once he attained the power to do so, or not ?


Federal Budget Deficit Projected to Soar to Over $1 Trillion in 2020

https://www.nytimes.com/2018/04/09/us/politics/federal-deficit-tax-cuts-spending-trump.html

Ryan-McConnell-Trump tax and budget policies—enacted during a time of relative economic prosperity!—will actually create a $1.5 trillion deficit by 2028.

Just a trillion dollars in deficits? In four years? No wonder he decided to resign. He's a piker compared to Obama.

 

[Carnal_Flower]

Here's the real story:

Republican tax cuts to fuel historic U.S. deficits: CBO

But those growth rates will not offset the deficits, which will “increase rapidly this year and over the next few years,” then stabilize, resulting in a projected cumulative deficit of $11.7 trillion for 2018-2027, CBO forecast.

The analysis “confirms that major damage was done” by the new tax law and the spending bill, said Michael Peterson, head of the nonpartisan Peter G. Peterson Foundation.

Shove it with your Obama drivel

Just a trillion dollars in deficits? In four years? No wonder he decided to resign. He's a piker compared to Obama.

 

[gotsnowgotslush]

Ah! It's the lobbyist life, for Paul Ryan!

His pretty pension, will tide him through the wait, for his rewarding ($$$$$$) future.

While Ryan will have to abide by a rule that says representatives must wait one year between working on Capitol Hill and lobbying work, there are no such rules about joining companies’ boards. One imagines that plenty of the Speaker‘s corporate donors, now saving millions on their tax bills, would be happy to have him.

Corporate board seats are famously cushy gigs that involve, typically, attending a meeting every few weeks, max. By the Boston Globe’s estimates, board members usually work fewer than five hours per week per board. The positions are so lucrative and coveted that critics say some people are discouraged from raising questions about C.E.O. pay or other issues for fear of losing their seats, which we’re sure will never been an issue for the deeply principled Ryan.


Ryan spent much of his career railing against benefits for public-sector employees, he’ll also enjoy a hefty pension package when he heads back to Janesville—a golden parachute that will be further inflated if Ryan hangs on until the end of the year, as he has said he will do.

https://www.vanityfair.com/news/201...ryan-retires-at-48-to-join-ranks-of-idle-rich

 

[gotsnowgotslush]

Federal balanced budget amendment


Let’s call this ‘balanced budget amendment’ what it is: a stunt to give Republicans political cover for their deficit-exploding tax scam,” said Rep. John Yarmuth of Kentucky, the top Democrat on the House Budget Committee. “The party of so-called fiscal hawks has become the party of fiscal hypocrites. They know it, and so do the American people.”

Plenty of Republicans feel the same way. Many party conservatives were upset by the recent catchall spending bill, which gave Democrats far more for their domestic priorities than they won under former President Barack Obama.

"Every Republican who voted for the omnibus should be required to hold a sign saying: ‘I’m a hypocrite. I’m voting for the balanced budget amendment but I don’t really mean it,'” said Sen. Rand Paul, R-Ky.


Not a single top House GOP leader took part in the debate.

https://www.seattletimes.com/nation-world/nation-politics/house-rejects-balanced-budget-amendment/


Republicans in Congress are about to vote on a balanced budget amendment to the Constitution that would cause massive cuts to programs that Americans rely upon.


https://www.commondreams.org/views/...alance-it-gops-shameless-bid-shred-safety-net



April 12, 2018

Cynical Balanced Budget Amendment Defeated, Just As GOP Planned


It should be seriously considered that all but six House Republicans were willing to vote for a measure that if eventually ratified would force their party, finally, to choose between rescinding the tax cuts to which they are impossibly addicted, or enacting the spending cuts they sometimes embrace rhetorically but not specifically, knowing they would be politically ruinous.

Seven House Democrats voted for the balanced budget amendment (as of this writing, a list was not available). Given the general air of cynicism, it wasn’t really that noteworthy. In fact, one of the reasons the vote was guaranteed to fail was that House Democratic support for the amendment has steadily declined since 72 Democrats voted for it in 1995.

We’ll soon see the balanced budget amendment pop up in the GOP’s midterm congressional ads, unless the perpetrators are struck by lightning first.


http://nymag.com/daily/intelligence...t-amendment-defeated-just-as-gop-planned.html

 

[someoneyouknow]

Just a trillion dollars in deficits? In four years? No wonder he decided to resign. He's a piker compared to Obama.

The con artist added $1 trillion to the debt in six months. Not even Obama was that bad.

But then, this is the King of Debt we're talking about, so this shouldn't be surprising.

 

[someoneyouknow]

Here is Ryan blaming everyone except Republicans who control everything:

“That was going to happen. The baby boomers retiring was going to do that,” Ryan said on NBC’s “Meet the Press” of projections that the country will start running trillion-dollar deficits as soon as 2020.​

Here's retiring Senator Bob Corker's comments:

Sen. Bob Corker (R-Tenn.) has said voting for the tax package “could well be one of the worst votes I’ve made” and that the Trump administration is “on track to be one of the most fiscally irresponsible administrations in history.”​

http://thehill.com/homenews/house/383256-ryan-trillion-dollar-deficits-were-inevitable

 

[BotanyBoy]

I love all the lefty democrats, suddenly concerned with the deficit...LOL


As bad as all the "conservative" (R)-tards who suddenly don't care at ALL about it.

 

[AnalCreampieGiver]

If hell exists.. there is a special place in it for Paul Ryan.

He is soulless, monster of a human being.

 

[Hypoxia]

If hell exists.. there is a special place in it for Paul Ryan.

He is soulless, monster of a human being.

Alas, afterlives of any sort are fantasies. Ryan just ensures hell on earth for as many as possible. Will what goes around, come around for him? Karma sometimes works in politics but not so much in life. Shitheads prosper. TANJ (there ain't no justice). Life sucks. We're doomed. Send me all your money.

 

[ThatsTheGuy]

What the hell, right?

Odumba racked up over $19 trillion in real debt and deficit and left.

You can only do so much damage in 8 years as King LibDem.

 

[phrodeau]

There's more debt coming, since Congress still hasn't addressed the national infrastructure problems, and they are only worsening.