RE: Austrian Economics
April 27, 2011 at 7:37 am
(This post was last modified: April 27, 2011 at 7:38 am by reverendjeremiah.)
laissez-faire capitalist Paul Ryan intends to remove medicaid and food stamps
http://news.yahoo.com/s/ap/us_gop_town_halls
When Ryan was sixteen his father died of a heart attack at age 55. Ryan began collecting his Social Security survivor's benefits until age eighteen, which he saved for college tuition and expenses.
Ryan is quoted as saying that the political philosophy of novelist Ayn Rand was influential to him, calling Rand “the reason I got involved in public service," and he requires his Congressional staffers to read her book Atlas Shrugged. Ayn Rand is a staunch laissez-faire capitalist who sometimes glorified the "reverse Robin Hood" who stole from the poor to give to the rich.
In late January 2010, Ryan released a new version of his "Roadmap."[25] It would give across the board tax cuts by reducing income tax rates; eliminating income taxes on capital gains, dividends, and interest; and abolishing the corporate income tax, the estate tax, and the alternative minimum tax. The plan would privatize a portion of Social Security,[26][27] eliminate the tax exclusion for employer-sponsored health insurance,[27] and privatize MediCare.[26][27] On his blog, Ezra Klein noted that the plan would replace these health programs with a system of vouchers whose value would decrease over time.[
http://news.yahoo.com/s/ap/us_gop_town_halls
Quote:The Republican plan to fundamentally restructure Medicare and cut social safety net programs like food stamps and Medicaid has at times been a raucously tough sell as its supporters head home and meet with their constituents, including Democrats organized against them. Even the architect of the plan, Rep. Paul Ryan, has been booed, though many of those attending four meetings Tuesday in his home state of Wisconsin were supportive.
The GOP plan passed by the House this month envisions cutting government deficits by a total $6.2 trillion over the next decade. One of its most contentious provisions calls for eventually transforming Medicare into a voucher-like system in which private insurance plans, not the government, pay medical bills. The plan has drawn scorn from Democrats, including President Barack Obama, who want wealthier Americans to pay higher taxes to help reduce the deficit.
When Ryan was sixteen his father died of a heart attack at age 55. Ryan began collecting his Social Security survivor's benefits until age eighteen, which he saved for college tuition and expenses.
Ryan is quoted as saying that the political philosophy of novelist Ayn Rand was influential to him, calling Rand “the reason I got involved in public service," and he requires his Congressional staffers to read her book Atlas Shrugged. Ayn Rand is a staunch laissez-faire capitalist who sometimes glorified the "reverse Robin Hood" who stole from the poor to give to the rich.
In late January 2010, Ryan released a new version of his "Roadmap."[25] It would give across the board tax cuts by reducing income tax rates; eliminating income taxes on capital gains, dividends, and interest; and abolishing the corporate income tax, the estate tax, and the alternative minimum tax. The plan would privatize a portion of Social Security,[26][27] eliminate the tax exclusion for employer-sponsored health insurance,[27] and privatize MediCare.[26][27] On his blog, Ezra Klein noted that the plan would replace these health programs with a system of vouchers whose value would decrease over time.[
