Saturday, March 16

Washington's latest budget fiction

By Josh Boak and Eric Pianin, the fiscal times

The new issue plan by GOP budget guru Paul Ryan apparently on political positions, such as the repeal of Obamacare that will never become law. The majority of the upcoming Democratic plan will be not much better.

The spending plan for fiscal year 2014, that Republican House Budget Committee Chairman Paul Ryan today is unveiling will be probed, joining, and for his ideas on balanced budget more than discussed 10 years.

But by all indications, the new budget comes laced with gimmicks and targets-such as removing Obamacare and Medicare into a voucher program, which well to Ryan's base play but not likely to survive.

A similar story is unfolding on Wednesday, when Washington Senator Patty Murray the Democratic version of the action plan of household-this one loaded with increased tax revenues already declared dead on arrival by Republicans announces that more spending, public debt as a share of the economy to stabilize the economy and a much more modest goal of $16.5 billion, rather than to promote a surplus in a decade.

If the recent past is a guide, these two budgets are usually fantasies, attempts a partisan branding first and foremost. You are to follow the efforts to shape public opinion for the tough negotiations or brutal distance weapon. And in the case of the Senate Democrats, who have failed in the past three years to approve a budget, Murray's document amount to some desperately needed face of their party.

"The cynical answer is that none of this matter, also budget", said Michael Linden, Director of tax and budget of the progressive Center for American progress. "they are good than policy statements about where both sides think that we should go."

There are wisdom, cynical, depending on the recent failures with the ceiling increase in the breakdown of the super Committee, the drama surrounding the fiscal Cliff earlier this year 2011-debt and the $85 billion in linear capture step cuts, which began this month.

Here, the fiscal times is Preview on the half-truths and talking points, the budget issued in the competing plans this week - and why real deficit reduction is so difficult.

Simply put, depends on the Ryan budget's convictions a bizarro universe, the President Obama ditches and converted to a GOP that he roundly defeated in the last year's presidential election.

It goes on to the abolition of the issues with Obamacare while retaining the $716 billion Medicare savings, which offer 2010 near-universal health insurance by law. As the GOP vice presidential candidate's deportation policies last year Ryan this same savings at the Republican National Convention, said: "the greatest threat to Medicare is Obamacare and we will stop it."

"I can't really think of any comparatively dishonest episode of recent American political history,", University of Texas-San Antonio commented political scientist Jonathan Bernstein in blog posts Monday for the Washington Post. "'Tis far beyond chutzpah."

Required hundreds of billions in new revenue to reduce the deficit to compensate for the Democrats are at the same time, other issues close loopholes in the next 10 years by tax-Nr. House Speaker John Boehner, R-Ohio, has promised repeatedly that agreement have accepted measure to block after a hike, on household income over $450,000 at the beginning of the year as part of the fiscal cliff.

For everything to be what real policy, it must receive approval from all sides. "So what happens when you pass a budget from your own Chamber can? This is not a big deal. "The trick is a budget of the Congress-a joint budget resolution, passed to", said Robert Bixby, executive Director of the tax corruption organization, the Concord Coalition. "It is to get the hope for a kind of grand Bargain."

Even then, only total spending and revenue targets would set the budget. "Funding for Federal programs or not change, tax law," Robert Sunshine, Deputy Director of the Congressional Budget Office, blogged on Monday.

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