He's ba-a-ack. Yes, Paul Ryan and his "budget" (quotes required, because it's not a budget, it's a redundantly cruel joke) have returned to make the 99% miserable as it caters to the top 1%.
In his Los Angeles Times column, the brilliant Michael Hiltzik takes Paul Ryan and his Very Serious Plan apart. He rips into Privatize Ryan's latest attempt to screw the middle class and the poor by cutting government programs, killing Medicare and Social Security, and thumbing his nose at everyone who knew better than to vote for him and his "severely conservative" running mate.
Read our lips, Paul: Austerity doesn't work.
What's the definition of insanity again? Oh yeah:
Hiltzik also manages to get a word or two in about GW Bush's squandering of the Clinton surpluses on tax breaks for the wealthy and how he spent borrowed funds on wars without bothering to raise income taxes.
Take it away, Michael:
There should be a rule--or even a law--that politicians who propose "fixes" to Social Security should at least show they know something about the program. By that standard, House Budget Committee Chairman Paul Ryan, R-Wisc., would flunk. [...]
But the trust fund is still growing, because Social Security's income streams--the payroll tax, interest on its bonds, and revenues from income taxation of benefits--still are sufficient to cover current benefits, and then some. [...]
As I've written before, when you hear people like Paul Ryan talk as though the country can't afford to pay back the money by redeeming the bonds in the trust fund, what you're hearing is the sound of the wealthy preparing to stiff the working class. [...]
[I]f Ryan has his way, yes, the money will be stolen. It's up to you and me to make sure that doesn't happen. So, to put all these pieces together, there's no "dubious government accounting" involved here--the dubious accounting is all Ryan's. [...]
The most important factor is the one that people like Ryan want you to forget: The money in the Social Security trust fund came directly or indirectly from the payroll taxes paid by millions of American workers--100% of it. It was paid by workers in the trust that the government would pay it back. Paul Ryan is hinting, pretty strongly, that he doesn't want to pay it back.
So why would you trust him?
Exactly. Why would anyone trust this guy? Especially after the abysmal response to his previous Kill Medicare/Social Security proposals.
Please read Hiltzik's entire piece here.