Tuesday, August 21, 2012

On the Road to Ryan and Ruin

http://www.informationclearinghouse.info/article32240.htm


 It is to be noted that the country’s most recent recession (2007-2009) has been the worst of the post war era and a direct result of prior deregulation. 
We are still on that path and the living proof of this fact is that the Republican presidential candidate, Mitt Romney has just selected Congressman Paul Ryan as his running mate.  Ryan is the Chairman of the Budget Committee in the Republican controlled House of Representatives, and author of a proposed federal budget that would slash social spending (and those safety nets) by some $3.3 trillion, ditch Medicare and Medicaid, while simultaneously cutting taxes for the wealthy.  Ryan is no less than the reincarnation of a free marketeer who wants to recreate the circumstances that brought us all 33 major economic downturns crowned by the Great Depression.  How quickly people forget. 

...a Mitt Romney and Paul Ryan presidency would most likely increase the pace of deregulation and destroy what is left of the country’s safety nets.  It would ultimately devastate the middle class, greatly increase the ranks of the poor and unemployed, do away with union rights, and reserve prosperity for the upper class alone.  All of this will be done in the name of the liberty.  And, it will be guided by an ideological paradigm that has already been historically proven to be disastrous. 

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