I dare the Democrats to run on this in 2012

Posted by: Phineas on April 8, 2011 at 2:01 pm

**Posted by Phineas

Since Rep. Paul Ryan released his 2012 budget plan, the Democrats have been on the attack, charging that Republicans want to deny medical care to children, starve the elderly and generally bring about the end of the world. You know, the usual reactionary rhetoric they use to avoid adult conversations on serious issues, because they have no ideas of their own.

Well, that will change next week, when the Congressional Progressive Caucus, aka “The Socialist Wing of the (Social) Democratic Party,” will release their own budget plan:

To extend the long-term solvency of Social Security, it would propose dramatically increasing payroll taxes on both the employer and employee side, and funneling the money into even more generous benefits.

Payroll taxes are economically destructive, because they make it more expensive for employers to hire new workers, meaning lower real wages and higher unemployment.

Yet the tax increases wouldn’t end there. The People’s Budget would rescind last year’s tax deal to raise rates on higher income levels, boost taxes on capital gains and dividends, increase the estate tax, institute three “millionaire tax rates,” with the highest reaching 47 percent, tax corporate foreign income, impose a “financial crisis responsibility fee,” and institute a “financial speculation tax.”

Overall, taxes would rise to 22.3 percent of the economy, compared with 18.3 percent under the Ryan proposal.

The plan would also build on Obama’s most notable initiatives. It includes an additional $1.45 trillion in economic stimulus spending. On health care, the plan would add a government-run plan, or “public option,” to Obamacare and have the government negotiate drug prices.

Yet while other parts of government would grow, the defense budget would be gutted. The proposal would “reduce baseline defense spending by reducing strategic capabilities, conventional forces, procurement, and R&D programs.”

I hope they do it, and I hope their party leadership adopts it. Then we’ll at last have an honest argument about the vision the two parties have for the future of America. Go ahead, Democrats, make this plan your own. Let 2012 be a battle between Paul Ryan’s “budget for mature adults who can see the edge of the cliff coming” and the CPC’s “Berkeley Bong Budget.”

I beg you: try to sell the nation another fairy tale.

And I’ll thank you in advance for the Republican landslide in 2012.

via Moe Lane

LINKS: More from QandO

(Crossposted at Public Secrets)

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7 Responses to “I dare the Democrats to run on this in 2012”

Comments

  1. Neo says:

    I saw last night that some progressives we concerned that making 40+% marginal rates would have “rich” folks channeling their “excess cash” into real estate and then pumping up their deductions. Their proposed solution was to kill deductions as well. Winning !!

    With inflation already kicking at our heals, making “rich” people poorer isn’t going to make anybody rich either, so hold on while that scourge of the late 70’s, stag-flation, returns. With so much of our manufacturing base now out of the country (compared to 1980), I expect it will take at least twice as long to undo the damage of a repeat onset of stag-flation.

    Pres**ent Obama has been casting about for past Presidential metaphors for two plus years now. This will tie him at the hip with Jimmy Carter, possibly the worst President in the past century .. maybe more.

  2. PE says:

    Their concept of an ideal government is that of Zimbabwe, and they won’t rest until they get it.

  3. Carlos says:

    Where do they get the idiots who think these things up? Obviously, from outstanding schools like Hawvud, Yale and Stanford, but when did the “top” schools of economics start teaching that “feel-good” economics works just as well as reality?

    I would vote for Sowell in 1/2 a heartbeat because he understands economics, politics and the ridiculousness of the jackass path to prosperity.

  4. captaingrumpy says:

    can’t wait till this Dork is gone.

  5. Kate says:

    My husband has a theory that if the rich were to voluntarily give all their riches to be distributed to everyone equally, that over time the rich would be come rich again. For very obvious reasons. They know how to make money and they would use that business sense to make the money back from the newly moneyed who haven’t a clue of how to make it, but sure know how to spend it.

    I would like to know where in the world you can get paid for a job that you don’t do. The fact that Obama and the 2010 congress did not pass a budget is dereliction of duties. I would say they should all be fired. You cannot run a business the way Congress is running this country.

  6. Brontefan says:

    I dare Dems to use the Obama clip from 2006 on how he felt as a Senator about raising the debt ceiling.

  7. Carlos says:

    I would love to be on an island with ten other people, the other 9 being libs, and the other 9 having been given $1M each.

    Within a month I would own every one of them because, as Kate pointed out, they don’t have a clue how to make money, only spend it.

    I know how to make it, I’ve done it with two separate businesses and am just about to start a third (I’m retired, BTW, but can’t stand doing all the “retiree” things).

    And this post just emphasizes the fact that the entitled don’t want to learn to be self-sufficient. They can come up with all kinds of excuses why they can’t, most of which dwell on others taking opportunity from them, but I have yet to hear a reason (instead of an excuse).