Saturday, August 11, 2012

Now It's A Good Old Fashioned War

The Obama campaign wasted no time blasting Mitt Romney’s selection of Representative Paul Ryan as a running mate.
Ryan, a Wisconsin Republican, had not finished his acceptance speech when President Barack Obama’s campaign manager, Jim Messina, released a statement blasting him for favoring “new budget-busting tax cuts for the wealthy, while placing greater burdens on the middle class and seniors.” Ryan’s“radical” budget plan, Messina added, “would end Medicare as we know it by turning it into a voucher system, shifting thousands of dollars in health-care costs to seniors.”
The Democratic attack on Ryan and his budget plan is, at best, ignorant. “Budget-busting” tax cuts? The Ryan budget plan envisions taxes running at a higher level of GDP than the average of the last few decades. It brings the budget to long-term balance -- something that Obama has never proposed. (As his Treasury Secretary Tim Geithner admitted to Ryan in February:“We’re not coming before you to say we have a definitive solution to our long-term problem. What we do know is we don’t like yours.”) http://www.bloomberg.com/news/2012-08-11/this-is-now-the-most-important-election-since-1980.html

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