Sunday, May 24, 2015

Republican Communist Party watch

(Bloomberg) -- Republicans in the U.S. House and Senate say their budget proposals add up. It takes some creative math and logic to make that true.
The plans unveiled this week call for the U.S. government to collect about $2 trillion in taxes in the next decade that Republicans have little or no intention of collecting. Some of that revenue would come straight from taxes to pay for Obamacare -- which they want to repeal.
Republicans also gloss over details of where they’d cut more than $5 trillion to balance the books. Senate Budget Chairman Mike Enzi’s plan cuts $430 billion from Medicare without saying how. House Budget Chairman Tom Price’s proposal includes $1 trillion in “other mandatory” reductions that aren’t entirely laid out.
Budget analysts are criticizing the approach.
“While the goals put forward by the budget resolution are praiseworthy, the details are in some ways unrealistic and unspecified,” Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget, based in Washington, said in a statement.
The House proposal includes about $94 billion for a special war-funding account that isn’t subject to spending limits set by Congress in 2011. The Senate plan includes $58 billion in war funding, the same amount requested by President Barack Obama.
We balanced it under Bill Clinton. Put the sequester back, that was working fine.

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