Ryan and Marino are Delusional about the Budget

English: Official portrait of US Rep. Tom Marino.

English: Official portrait of US Rep. Tom Marino. (Photo credit: Wikipedia)

Letter submitted to Daily Item.  We shall see.

 

“What do Paul Ryan and our PA-10 Representative Tom Marino have in common?   They both believe in magical budget fairies.

Paul Ryan is famous for his budget blueprint making him a “fiscal conservative.”  That has got to be one of the most famous boondoggles in history.  According to his own estimates, he balances the budget (teh annual budget, not the debt) around 2063!  Clinton, that poster boy of fiscal conservatism, got to a balanced budget in 8 years!

So, it is a joke that Ryan is a fiscal conservative.  He believes in a government that does almost nothing outside of defense.

Tom Marino proudly trumpets his support for this joke of a budget.  On his website, Rep Marino says: “The budget blueprint I supported today keeps that promise and boldly confronts the challenges we face.”

That is very bold of you.  To balance the budget in 50 years.  That is like boldly putting out a fire by studying the farmer’s almanac for the next rain day.”

 

Sources, fwiw.

Marino: http://votesmart.org/candidate/119478/tom-marino?categoryId=10

Budget estimates from Matt Miller (former OMB guy) : http://www.politifact.com/truth-o-meter/statements/2011/mar/03/matt-miller/matt-miller-blasts-deficit-debt-implications-paul-/

Another former OMB guy: http://www.nytimes.com/2012/08/14/opinion/paul-ryans-fairy-tale-budget-plan.html

Oh yeah, Paul Ryan gives out party favors.  Donations to Marino: http://campaignmoney.org/blog/2012/08/15/paul-ryans-donations-members-congress

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Fair and Free Economy- Draft of Message and Policies

Note: This is a draft of a policy paper for a PA Progressive House candidate.  I want to capture the ideas of a fairer economy in language that resonates with American values of hard work, fair play, and compassion.  The policy ideas are negotiable…

The economy should work for everyone who works.

We have lived through an upside-down economy where Wall Street prospers on Main Street’s misery.  Just as millions of hard-working home owners found themselves upside-down in their homes- paying for a mortgage worth more than the house- all of us have been in an upside-down economy.  We are paying for the idea of an economy, one that favors wealth over work, one favors a quick buck over an earned dollar, one that favors glitz over grit, when the real economy is loosing real value.

The real economy is where stuff is made, relationships matter, value is clear, and a handshake instead of a stock option starts a deal.  The real economy needs the strengths and talents of all of us.  It also needs the infrastructures to connect people and companies.  It also needs rules of the road that we all agree to.

We can fix the economy.   We can give it what it needs: better people, better infrastructures, and better rules of the road.

Better People Ideas:

1) Healthy People: decouple health insurance from employment
2) Prepared People: invest in worker re-training
3) Child care systems so that working parents can work

Better Infrastructure Ideas:

1) Invest in transportation networks
2) Invest in healthy ecosystems
3) Invest in people through daycare, schooling, community college, state 4 year
4) More access to the Internet for people, towns, and entrepreneurs

Better Rules of The Road Ideas:

1) Too Big to Fail is Too Big to Be- re-instate Glass-Steagal separation of retail from investment banking and also cross-ownership of financial institutions.
2) Reward Work and Wealth- change taxes so that wealth (retained interest, capital gains) does not get a huge tax break compared to work; encourage better alignment of compensation to long term wealth
3) End Foreclosure Abuse by Banks and Mortgage Holders
4) Allow workers to represent themselves
5) Tie minimum wage to economic indicators like inflation
6) Require all free trade agreements to integrate wage, safety, and environmental minimums so it is far trade and not a race to the bottom