Though Mitt has yet to give out the specifics, or as both he and Paul would say, they “haven’t run the numbers yet” his goals would be far worse than all the devastation we know the Ryan Budget would cause the nation. Based on what little he’s projected and some critical thinking (that aspect of learning that many Republican school boards want to eliminate from curriculums) gives us a picture that would destroy the fabric of this nation, or more specifically, the majority of the people who live here.
Romney has already made it clear that he and Paul have the same budget now; his. So what does that budget entail? As we all know, the basis of the Ryan Budget was to slash the Federal Income Tax rate of the wealthiest Americans (like Mitt Romney, Sheldon Adelson, the Koch Brothers) to less than 1%, while at the same time increasing spending on the military. This to be paid for by slashing all non-defense spending and increasing the effective tax rate of the middle, working and poor classes of the nation. Even at this, the budget isn’t balanced for 30 years.
Let us remember that currently, the United States is responsible for 40% of the total global spending on military, which is 6-7 times what China spends and is greater than the amount of the next 20 nations combined, many of them our allies. But neither Mitt nor Paul think our spending on military is enough. Does the term “Industrial Military Complex” come to mind yet?
The Ryan Budget calls for an increase of Military Spending from 2013 through 2022 in the amount of $5,700,000,000,000.00. That’s a lot of money. The Romney plan, which is now the Ryan plan, increases Military spending for that same time period to $7,900,000,000,000.00. It would increase military spending as compared to GDP to over 4%. The chart below is the current trend of total Federal Budget compared to GDP. The increases to Military Spending with no increased revenues would be significantly higher without massive cuts to non defense spending:
Studies show that it would actually be even higher. No matter, it would be higher than it was during the height of the Cold War. They Ryan plan calls for cuts of $504,000,000,000.00 to non defense spending while cutting revenues from the rich. The Romney plan would simply require more cuts to meet his goal of higher military spending, cuts in revenue from the wealthiest Americans and balancing in budget. However, keep in mind they won’t say how long it would take to balance the budget or what programs or by how much would be cut, or by how much everyone elses’ Federal Taxes would be increased to pay for this increase in military spending. However, based on analysis, this is essentially what we are looking at:
Now both Romney and Ryan, as well as the Republican talking heads would say that the cuts to the wealthiest would expand the economy. The same way the Reagan people said it would when we started “Trickle Down” economics over 30 years ago and the way Bush and his cronies said his tax cuts would also trickle down and expand the economy. Keep in mind that it has yet to do so. How can we now expect it to work? What was it Bush said? “There’s an old saying in Tennessee — I know it’s in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can’t get fooled again.”
Now what exactly is non defense spending? The chart below is what Federal Spending was for 2011:
Non Defense Spending is: Social Security, Medicare, Food and Drug Administration, Department of Education, Environmental Protection Agency, US Marshals, Courts, Probation and Parole, Prison System, NASA, HIghway Funding, etc. All those things that a lot of Americans want to keep, and like Social Security and Medicare, need in order to survive and/or stay out of poverty.
So if those programs are significantly slashed, or turned over to private industries so they can place a profit margin on those services that only serve to increase cost to the public for fewer services, the majority of the people in the nation would be financially devastated to pay for massive and uncalled for cost in military spending. The generals themselves aren’t calling for these increases. So, if we do this, what exactly would this military, that we are paying more for, protecting?
To sum up (here’s the critical thinking part),
30 years of trickle down and deregulation have led to poorly managed banking system.
The Bush administration, with its tax cuts to the wealthiest and increased spending for two illegal wars and Medicare Part D, along with banking deregulation led to the economic crash of 2008,
This has led to more people in this country now in poverty since The Great Society.
The Romney plan would put the Bush economic plan on steroids
This would increase the financial destruction of the majority of people in the nation in order for the few of the wealthiest having even more money while we have the most expensive military in the world.
This military would be protecting the world’s largest and most devastated third world nation (which is what we’re becoming).
The fall of the world’s ancient societies took centuries. The Republican plan would accomplish the fall of the United States’ Society to less than a few generations. It’s already started.
Love your graphics!
The only way Romney can balance his budget is to destroy Medicare.
Check out the photo that illustrates the concept. (Spoof.)