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How to Increase Poverty
posted at October 27, 2012 12:58 AM EDT
First: October 13, 2012
Last: May 20, 2013
After Paul Ryan’s Wednesday speech on poverty, the commentariat focused on his hypocrisy – and rightly so.
In the Ryan budget, passed by the House earlier this year, well over half of the nondefense spending cuts fall on low income and poor people. And Mitt Romney’s budget proposals would be even worse.
True to form, Mr. Romney has not proposed any specific cuts in specific programs. But his three main proposals – to cap federal spending at 20 percent of GDP, to boost defense spending to 4 percent of GDP and to repeal health care reform – would mean nondefense cuts of some $6 trillion over the coming decade, compared with $5 trillion under the Ryan plan, according to a detailed analysis by the Center on Budget and Policy Priorities.
The analysis found:
“If they applied these cuts proportionally, the cuts in programs such as veterans’ disability compensation, Supplemental Security Income (SSI) for poor elderly and disabled individuals, the Supplemental Nutrition Assistance Program (SNAP, formerly food stamps), school lunches and other child nutrition programs, and unemployment compensation would cause the incomes of large numbers of households to fall below the poverty line. Many who are already poor would become poorer.”
Yes... Thats the Romney/Ryan Plan for America Folks
Full Article: http://tinyurl.com/9osma8g