{"id":1470,"date":"2012-03-21T13:21:14","date_gmt":"2012-03-21T17:21:14","guid":{"rendered":"http:\/\/therationalprogressive.com\/cms\/?p=1470"},"modified":"2012-03-21T13:21:14","modified_gmt":"2012-03-21T17:21:14","slug":"gop-budget-plan-to-reduce-the-debt-actually-makes-the-debt-worse","status":"publish","type":"post","link":"http:\/\/therationalprogressive.com\/cms\/2012\/03\/gop-budget-plan-to-reduce-the-debt-actually-makes-the-debt-worse\/","title":{"rendered":"GOP Budget Plan To Reduce The Debt Actually Makes The Debt Worse"},"content":{"rendered":"<p>House Budget Committee Chairman Paul Ryan (R-WI) released the GOP\u2019s new budget this morning, and in doing so, he touted it as a plan to make America\u2019s level of debt more sustainable. \u201cWe\u2019ve shared with Americans a specific plan of action that cuts spending, pays off the debt and gets our economy back on the path to prosperity,\u201d Ryan said.<\/p>\n<p>The problem with Ryan\u2019s rhetoric is that his plan fails to match it. By giving massive tax breaks to corporations and the top one percent and preserving unsustainable levels of defense spending, the House GOP\u2019s plan to reduce the debt would fail to reduce the debt. In fact, because it assumes levels of revenue that are pure fantasy under his tax proposals, the plan would actually increase the debt, according to an analysis by Center for American Progress Tax and Budget Policy Director Michael Linden:<\/p>\n<p><strong>READ MORE:<\/strong><\/p>\n<p>via <a href=\"http:\/\/thinkprogress.org\/economy\/2012\/03\/20\/448664\/gop-fails-to-reduce-the-debt\/\">GOP Budget Plan To Reduce The Debt Actually Makes The Debt Worse | ThinkProgress<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<hr\/>\n","protected":false},"excerpt":{"rendered":"<p>House Budget Committee Chairman Paul Ryan (R-WI) released the GOP\u2019s new budget this morning, and in doing so, he touted it as a plan to make America\u2019s level of debt more sustainable. \u201cWe\u2019ve shared with Americans a specific plan of action that cuts spending, pays off the debt and gets our economy back on the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[19,22],"tags":[24,69,70,26,855],"_links":{"self":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/1470"}],"collection":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/comments?post=1470"}],"version-history":[{"count":1,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/1470\/revisions"}],"predecessor-version":[{"id":1471,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/1470\/revisions\/1471"}],"wp:attachment":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/media?parent=1470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/categories?post=1470"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/tags?post=1470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}