Gary Gronneberg, Fargo, Published September 20 2012
Letter: Ryan’s ‘Path to Prosperity’ sweet deal for corporations, rich peopleHave you read the Paul Ryan “Path to Prosperity” plan? (I have read it twice.)
Where are the 8.1 million “sick” people who are waiting to be added to the health care system? (Either they are healthy or waiting in the emergency rooms of hospitals.)
The Ryan Path to Prosperity plan provides a path to make defense contractors, corporations, wealthy citizens and financial institutions very prosperous. The path is achieved by the following: increases in defense spending; decreases in corporate tax rates; decreases in marginal tax rates for the wealthy, and massive deregulation of for-profit businesses.
The Ryan plan, however, does not provide a path to prosperity for Americans living on Social Security, relying on Medicare for their medical needs or those poor enough to qualify for Medicaid for medical care. Each of these programs has the potential for drastic cuts to offset the increases in defense spending and the tax cuts for corporations and wealthy citizens.
If you are a wealthy citizen, a corporation or a defense contractor, please send your contributions to Ryan, because your investment will be richly rewarded. If you are living on Social Security, Medicare or Medicaid, you can’t afford to make any political contributions because you will need every dollar you have to survive after the Ryan budget becomes law, if the Republicans win the 2012 election.
If Ryan’s goal is to cut government spending, consider this slightly more “humanitarian” suggestion: Cut defense spending; stop fighting wars throughout the world; end corporate welfare.
We certainly need to reform all government programs, but cutting spending is only one part of the equation. The other part is to increase revenues to 20 to 21 percent of the gross domestic product. Historically, average revenue of about 19 percent of GDP has produced a national debt of $16 trillion. Unfortunately, Ryan’s plan is to reduce the amount of revenue from a ceiling of 19 percent in 2013 to only 15 percent of GDP by the year 2050.
The Ryan plan also does not provide any specific common sense, cost-reducing health care reform. The Ryan plan merely passes the obligation for reducing the cost of Medicare and Medicaid to the states and insurance companies that have already failed to control medical costs. Common sense does suggest we move forward as a country, rather than implementing previous public policies that have already failed.