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Ben Lange supports policies that would hurt average working Americans. He thinks the Ryan Plan had a lot of good ideas, even though it creates deep and painful cuts to Social Security and Medicare. He supports a balanced budget amendment, which could threaten the stability of the entire economy. Finally, Lange opposes cutting taxes on the middle class, but he supports cutting taxes on the wealthiest Americans.
Institute, Using a standard macroeconomic model that is consistent with that used by private- and public-sector forecasters, we estimate that the shock to aggregate demand from near-term NSD spending cuts would result in roughly 900,000 jobs lost in 2012 and roughly 1.3 million jobs lost in 2013. Cumulatively, cuts of this magnitude would result in a loss of 2.2 million jobs over the next two years, or 3.1 million full-time equivalent (FTE) jobs. [Economic Policy Institute, 4/13/11] Center on Budget and Policy Priorities: Two-Thirds of the Ryan Plans Cuts Come from Programs Helping the Poor and Middle Class. In April 2011, Robert Greenstein, President of the Center on Budget and Policy Priorities said that nearly two-thirds about $2.9 trillion of the Ryan Plans $4.5 trillion in budget cuts over ten years comes from programs aiding the poor or disadvantaged. The $2.17 trillion of these cuts come from Medicaid and repeal of the expansion of Medicaid under the 2011 health care reform law. The remainder of the $2.9 trillion would come from non-health related services to the poor, such as Pell Grants, food stamps, and low-income housing programs. [Center on Budget and Policy Priorities Press Release, 4/20/11, 4/20/11] New York Times Editorial: Ryan Plan Would End Medicares Guaranteed Benefit. The House Republican budget would mean that older Americans no longer have a guarantee that Medicare will pay for their health needs. [] He would still offer the elderly a fixed amount of money to shop for their own health insurance, but allow the option of enrolling in traditional Medicare. [New York Times Editorial, 3/20/12]
CBPP: Balanced Budget Amendment Would Force Benefit Cuts in Social Security, Military Retirement. According to Center on Budget and Policy Priorities, Social Security could not draw down its reserves from previous years to pay benefits in a later year but, instead, could be forced to cut benefits even if it had ample balances in its trust funds, as it does today. The same would be true for military retirement and civil service retirement programs. Nor could the Federal Deposit Insurance Corporation or the Pension Benefit Guaranty Corporation respond quickly to bank or pension fund failures by using their assets to pay deposit or pension insurance, unless they could do so without causing the budget to slip out of balance. [Center on Budget and Policy Priorities, 7/27/11]
the level consistent with letting all the expiring tax cuts actually expire is one way to get us to an economically sustainable level of deficits over the next decade or two. [Christian Science Monitor, 5/15/12] Preserving Tax Cuts for Wealthy Would Cost $80 Billion in 2013 Alone. According to Washington Post, A Republican proposal to preserve tax cuts for the nations wealthiest households next year would cost about $80 billion more than a Democratic proposal to extend the cuts solely for middle-class taxpayers, according to official estimates released Thursday. [] Neither party is calling for a permanent extension of the Bush tax cuts. Instead, both sides are seeking a one-year extension that would give lawmakers more time to enact a complete overhaul of the Byzantine federal tax code in 2013. [Washington Post, 7/19/12]