A great Country

by Bernard Schaer

Some of the very interesting comments that followed this post Hector Balderas or else…. (…?), but – I felt – didn’t really pertain to the core of my earlier post, prompted me to write this post today. So, you might want to go read the other one, including the comments, first.
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‘Serious’ Republicans vs. ‘Starry-Eyed’ Progressives

Beltway media scorn People’s Budget, hail Ryan hoax

by Peter Hart and Julie Hollar

Paul RyanThe budget proposal released on April 5 by Rep. Paul Ryan (R.-Wisc.) includes tax cuts for the wealthy, tax hikes for the middle class, drastic cuts in social spending and a radical restructuring of Medicare that would shift most of the cost of healthcare to seniors. Its dubious claims of deficit reduction rely on fatally flawed assumptions and inexplicable projections (CBPP, 4/7/11; CEPR, 4/11).

Meanwhile, the 76-member Congressional Progressive Caucus unveiled its own “People’s Budget” proposal on April 13, which would eliminate the deficit in 10 years without eroding social services or raising taxes on the working class. Serious economists like Paul Krugman (New York Times, 4/25/11) and Jeffrey Sachs (Huffington Post, 4/8/11) have spoken out in favor of the People’s Budget as, in Krugman’s words, a “genuinely courageous” plan and “the only major budget proposal out there offering a plausible path to balancing the budget.”
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Seeing Public Subsidy (Not Public Option) Investors Flock to Health Insurers

submitted by Bernard Schaer

Investors are seeing the Senate’s version of health care reform as a massive public subsidy for insurance companies — and as a result, are sending the sector’s stock prices shooting up, up, up. Stripped of a government-run insurance plan, the bill would give tens of millions of Americans no option but to start paying hefty premiums to private companies.
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