Aug 05, 2011 | By Marge Clarke, BVM
In “Where’s Your Budget, Mr. President,” (Wall Street Journal, 8/3/11) House Budget Committee Chairman Paul Ryan wrote that President Obama had failed to present any plan to deal with the long-term debt and deficit. This is only one of the untruths in his article.
However, in April, the President laid down a framework for $4 trillion in deficit reduction, describing responsible reforms to Medicare and Medicaid and closing tax loopholes.
The President initiated and led meetings, examples being:
Mr. Ryan claimed that the Republicans had gained everything in the final deal; there are a number of things they have been attempting to achieve – which they have not:
Mr. Ryan again told the untruths about the effects of the Affordable Care Act, and contradicting the assessments of the Congressional Budget Office (CBO), in truth:
The biggest, and worst, deception is promoting the idea that the budget can be balanced and deficits reduced without any tax increases.
NETWORK believes that there is a direct correlation between the dreadful deficits faced by our nation – and the huge chasm called the “wealth gap.” Continued payments to the wealthiest members of our communities through tax incentives, compensated for by higher taxes paid by low-income households, continue to widen this gap. In justice, those who are most able to support this nation must be held accountable to do so. To learn more about the wealth gap, visit “Mind-the-Gap” at: www.networklobby.org/campaign/mind-the-gap.