Guinta and Bass vote for 'Road to Ruin' budget
Concord, NH - New Hampshire Democratic Party Chair Ray Buckley issued the following statement after Congressmen Guinta and Bass voted for the reckless Paul Ryan budget in Washington today.
"Congressmen Bass and Guinta cast their most reckless vote yet in favor of the Ryan Budget today, sending health care costs skyrocketing, making severe cuts to Social Security for New Hampshire senior citizens, and giving billions of dollars in tax breaks to corporations.
"In fact, the non-partisan Congressional Budget Office reports that it would actually increase our national debt by 8 trillion dollars. Republicans want to claim this vote was courageous, but really their vote today was no more courageous than mugging the little old lady down the street on her way to church.
"For Congressmen Bass and Guinta, who have made millions off special tax breaks for relatives or suddenly remembered the existence of a half million dollar bank account, slashing Social Security might not be a problem. But for rest of New Hampshire citizens their vote today took an axe to our hopes of ever being able to afford retirement."
Extremely Troubling Facts About the Reckless Ryan Budget:
· Will Lead to "Rationing". The CBO warned that higher payments could affect care as beneficiaries might be less likely to use "new, costly, but possibly beneficial, technologies and techniques." According to NPR, that is "exactly the sort of rationing that so frightened Republicans when they were fighting the health law - the health law that Ryan's proposal would repeal, by the way." [NPR, 4/06/11]
· CBO: GOP Budget Raises Health Costs for Retirees. "Most future retirees would pay more for health care under a new House Republican budget proposal, according to an analysis by nonpartisan experts for Congress that could be an obstacle to GOP ambitions to tame federal deficits. [...] The budget office gave two reasons future retirees can expect to pay more. First, private plans would cost more than traditional Medicare because of such factors as higher administrative costs. Second, the federal contribution would grow more slowly than health care cost inflation, leaving a bigger gap for beneficiaries to pay." [AP, 4/6/11]
· CBO: Debt Rises During First 10 Years of Ryan's Plan. According to an initial analysis by the CBO, they found that by the end of the 10 year budget window, public debt would actually be higher. "CBO projected under current law the debt would balloon to 67 percent of GDP by 2022; under Ryan's plan, the CBO expects it to rise to 70 percent." [Congressional Budget Office, 4/05/11; The Atlantic, 4/06/11]
· National Debt Increases $8 Trillion Under Ryan Budget. Under Ryan's plan, the national debt would still increase $8 trillion over the coming decade to $23 trillion. [Roll Call, 4/06/11]
· Medicare Cost Would Rise for Many Under Ryan Plan [Wall Street Journal] "The House Republican plan for overhauling Medicare would fundamentally change how the federal government pays for health care, starting a decade from now, likely resulting in higher out-of-pocket costs and greater limits to coverage for many Americans." [WSJ, 4/6/11]
· GOP seeking dramatic changes in Medicare and Medicaid [USA Today] "Republicans unveiled a budget-cutting plan Tuesday that would dramatically revamp the twin health care pillars of the Great Society, taking a huge political risk that could reverberate all the way to November 2012 and beyond. Medicare, the government-run health insurance program covering about 47 million seniors and people with disabilities, would be run by private insurers and would cost beneficiaries more, or offer them less. Medicaid, the federal-state program covering more than 50 million low-income Americans, would be turned over to the states and cut by $750 billion over 10 years, forcing lesser benefits or higher copayments. Social Security eventually would be cut, too." [USA Today, 4/6/11]
· Ryan Plan Pushes Optimism to the Outer Limits [National Journal] "The tax and spending roadmap put forth Tuesday morning by Ryan, the Wisconsin Republican who heads the House Budget Committee, is backed by a set of extremely optimistic assumptions about how the budget would stimulate private investment, hiring, and broad economic growth. [...] But the forecasted growth is so high that it falls on the outer edge of what most economists say is plausible-or even desirable-for the next decade." [National Journal, 4/5/11]