This 3-minute video is a visualization of the House Republicans' budget, "The Path to Prosperity," presented by Rep. Paul Ryan, chairman of the House Budget Committee. For more information on our plan to avert the US's nearing debt crisis and chart a path of growth and prosperity, visit budget.house.gov http online.wsj.com
Video Rating: 4 / 5
This made me facepalm so hard I now have a severe concussion. Even with that brain damage, I’m aware that this man and his party has a MASSIVE agenda going and is happy to keep us spiraling down.
I love my country, but I hate those who prefer to remain ignorant to the facts. Most people have no clue what C-SPAN is….
@nitagirl614 I know the limits of my economic knowledge more than most. My posts below are evidence of that fact. My message to luvcheney, who wants to end the Fed, states clearly that he, along with all those others who state that they want to end the Fed, do not have the education, nor experience, nor the knowledge to be able to know the full impact of ending the Fed. I likened it to listening to 5 year olds discussing sex.
I stand by my statements in my BOTTOM LINE comment below.
plynth2 you need to educate yourself on economics before you say something
cut the spending now, save the USA
BOTTOM LINE: For the last 30 years the wealthy have become wealthier while the middle class is getting poorer. The wealthy have had their tax cut for 12 years and the the problem has gotten worse during that time.
What are the Republicans doing to try to correct the problem? NOTHING.
What the Republicans doing to make it worse?
A. Directing MORE money to the wealthy with lower taxes.
B. Cutting education funding
C. Taking away SS and Medicare
@luvcheney1 All currencies lose purchasing power over time. The mark lost 70% of its value in 53 years at the same time it was considered to be the most stable. In its last 16 years the exchange rate of the mark to the dollar changed a total of +2.4%. Modest inflation is not considered to be negative. Deflation is much worse. Explain how all of the above will result to an economic disaster and how ending the Fed will avert the disaster without sounding like a 5 year old talking about sex
@luvcheney1 Bubbles are created from investors willing taking excessive risk and over investing in some sector in the belief that the sector will continue grow and large profits will be realized. The tremendous amount money poured in inflates the value of that commodity or service far beyond the real value. That dynamic operates independently of the money supply. Whether the money supply is large or small, investors will create bubbles in the pursuit of large profits.
Liberals are completely ignorant of our problem. Raising taxes on the rich will only pay back 20% of the Bush tax cuts. Low tax rates are better for a growing economy. This medicare reform Ryan proposes is the exact plan the clinton administration’s bipartisan commission on medicare reform put out. We need health care to be in a real market. Health care in an actual free market*(Not like our current corporate healthcare) would dramatically lower costs.
The ONLY way to bring jobs back to America is to lower the minimum wage to $2/hr.
This is the only way we can compete with China. Paul Ryan and my fellow republicans need to act on this now. Employers also should not have to carry the burdern of paying for health care either. Go get em Paul!
@luvcheney1 — there were many more types of taxes in yhe later period,
You’re comparing apples & oranges
@plynth2 Huge quantity of derivatives represents a bubble, that is why I have “taken up bubbles instead”. The great rise in home prices, DotCom stock issues also were “bubbles”, created by increasing money supply. That is NOT difficult to grasp, as many times in history Govts have “created” too much money, with the same results. The Fed IS here to stay, until the dollar is worthless. Since Fed was created 1914, 95% of dollar value destroyed. Not much left to do, is there? OOPS, you dont get it.
@DillonDee1 Funny, but the money the Govt got from taxpayers was 17.3% of GDP at 91% tax on rich after WW1, and 17.4% of GDP at 35% under Bush. High rates dont do shit. Why? Because rich people are not going to work for nothing, and they have the opportunities to change HOW, WHERE, WHEN they take their income. They “offer” up more money to be taxed, at lower rates. That fact just irritates the hell out of you. Go ahead, pretend its not true.
The Path to Prosperity is almost dead already. So much for genius.
Paul Ryan is a carbon copy of Peter Keating in The Fountainhead.
This guy used Social Security money to get his economics degree & is using that degree to destroy Social Security. Right wing hypocrisy knows no bounds.
@GOPkicksbutt – you’re right that Ryan’s proposal will screw right-wingers in the middle class
But the richest 400 Americans, who derive most oif their income from Capital Gains & Dividends, will have the tax rates on them reduced to ZERO
@luvcheney1 Ok now that you dropped the derivatives nonsense and taken up bubbles instead.at least you’re starting to make sense.
I have debated the virtues/problems of the Fed many times and have concluded:
A. No one on YouTube has the required level of understanding on this topic to engage in an informed discussion. Its like listening to 5 year olds discussing sex.
B. Discussing this topic is little more than mental masturbation since NOTHING is going to come of it. The Fed is here to stay
can you tell me who composed this beautiful soundtrack?
The one good thing about Ryan’s budget proposal is that it will put a lot of right wingers out of thier jobs and homes. They’ll have to move in with the kids who won’t have jobs either. Many will die from lack of proper affordable health care. I’m all for that.
@plynth2 I think when I mentioned the fact that Hammurabi`s Code, 3700 years ago, dealt with Derivatives, and laws about them, would have awakened you to the reality that they are not some new, special, sinister idea. However, the explosion in the financial amount of them would require an explosion in the quantity of money that gets invested in them wouldnt it? After all, the issue isnt the ancient derivative, it is the BUBBLE. Bubbles fueled by creation of money. Ought we ban home mortgages?
@bananaphone951 -
To pay for the Rev War we increased taxes on luxury items of the rich
To pay for the Civil War Lincoln mainly taxed the rich w/ his income tax & inheritance Tax
To pay for WW1 we increased max tax rate on the rich to 70%
To pay for WW2 we increased max tax rate on the rich to 90%
To pay for Korean War we increased taxes on the rich
To pay for VietNam War we increased taxes on the rich
Now Paul Ryan wants to lower taxes on the rich & attacks the middle class & poor
@luvcheney1 I guess I can look forward to some conspiracy fueled explanation of how the Fed made the evil derivative possible. My suggestion is to do what Glenn Beck would do: introduce a third element, like Cass Sunstein, dream up some sinister connection between Sunstein and the Fed + Sunstein and derivatives which would then = a sinister connection betweeen the Fed and derivatives. Or tie the Fed and derivatives back to a historical figure like the Rothchilds and make the connection that way.
@Lllburns
lol Satanic Economics
Really? rofl.
@plynth2 I guess you see NO correlation between the massive AMOUNT of derivatives, and the massive creation of dollars, by the Fed? Thats weird, so I guess you think the Fed can print unlimited sums of cash, and it never goes anywhere? You are truly fucked up.
In all seriousness, why does no one talk about raising taxes anymore?
Isn’t that, like, what the government is suppose to do in this kind of situation?
Like I’m not trying to tell the government what to do, but isn’t the purpose of taxes to fund the government?
I could be mistaken, perhaps they exist just to annoy people, and must be abolished at once.
@fenix144 Thanks fenix. I try to stay true to the subject matter of the videos in my youtube comments
Now the wealthy are sitting there with all the wealth that has been created and their looking at the middle class, which has lost a lot of wealth, and saying, “How come our customers aren’t buying our products?” THEY’VE BEEN SUCKED DRY – THAT’S WHY.