Does CONservative stand for con job? Con job: GOP Budget exposed by CBO

UYGUR: Welcome to our first ever con job. It is my belief and experience that conservatives in this country hardly ever mean what they say. There`s usually another agenda and it`s usually about money, but I don`t want to just claim that. I want to prove it to you. So, we`re going to do this segment every day until it becomes abundantly clear to everyone what their really game is.

Today, we start with Congressman Paul Ryan, he swears up and down that his budget proposal is a government cutting debt reducing Tea Party dream come true, but guess what? Over the next ten years, his plan actually adds to the debt. Right now, the national debt is 62 percent in GDP. The Congressional Budget Office estimates it under current policy, it will be up to 67 percent in 10 years. Now, that`s not great, but under Ryan`s proposal, the debt would hit 70 percent of GDP by 2022. That`s much worse. Paul Ryan and the CBO say that eventually his plan would bring down the debt once they start hacking away at Medicare.

Now, Ryan didn`t say hacking, but you know how much extra your Health Care would cost onto that plan? You would have to add $20,000 a year on top. That`s the kind of deep cuts they have in Medicare, but get a load of how much they move the money around until it winds up in their pocket. That`s the interesting part. So, look at what Ryan`s says his plan would do. Remember the Center on Budget and Policy Priorities found the plan proposes about spending cuts at about 4.3 trillion by 2022, but Paul Ryan says, it also cuts $4.2 trillion in taxes, most of which goes straight to the rich.

So, he`s taking trillions of dollars away from programs like food stamp, Medicaid and Medicare, and giving almost the same exact amount to the top bracket in tax cuts. So voila, the money magically moves from the middle class and the poor to the rich, all in the name of so-called balancing the budget. That`s not what they`re doing at all. Now, this is exactly the kind of con game that the GOP plays all the time, and it`s something we`ll by pointing out every day right here at this point in the show. And trust me, we won`t run out of examples.

About William Brighenti

William Brighenti is a Certified Public Accountant, Certified QuickBooks ProAdvisor, and Certified Business Valuation Analyst. Bill began his career in public accounting in 1979. Since then he has worked at various public accounting firms throughout Connecticut. Bill received a Master of Science in Professional Accounting degree from the University of Hartford, after attending the University of Connecticut and Central Connecticut State University for his Bachelor of Arts and Master of Arts degrees. He subsequently attended Purdue University for doctoral studies in Accounting and Quantitative Methods in Business. Bill has instructed graduate and undergraduate courses in Accounting, Auditing, and other subjects at the University of Hartford, Central Connecticut State University, Hartford State Technical College, and Purdue University. He also taught GMAT and CPA Exam Review Classes at the Stanley H. Kaplan Educational Center and at Person-Wolinsky, and is certified to teach trade-related subjects at Connecticut Vocational Technical Schools. His articles on tax and accounting have been published in several professional journals throughout the country as well as on several accounting websites. William was born and raised in New Britain, Connecticut, and served on the City's Board of Finance and Taxation as well as its City Plan Commission. In addition to the blog, Accounting and Taxes Simplified, Bill writes a blog, "The Barefoot Accountant", for the Accounting Web, a Sift Media publication.
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