President Obama believes this is a make or break moment for the middle class and those working to reach it. That’s why he has put forward a blueprint for an economy built to last – one where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same rules.
At the Associated Press Luncheon on April 3rd President Obama discussed how his vision differs with the radical vision laid out in the House Republican Budget:
“This Congressional Republican budget, however, is something different altogether. It’s antithetical to our entire history as a land of opportunity and upward mobility for everyone who’s willing to work for it – a place where prosperity doesn’t trickle down from the top, but grows outward from the heart of the middle class. And by gutting the very things we need to grow an economy that’s built to last – education and training; research and development – it’s a prescription for decline.”
A partial sampling of the consequences of a Ryan/GOP budget would cause:
* In 2014, nearly 10 million college students would see their financial aid cut by an average of more than $1,000 each
* In 2014, there would be 1,600 fewer medical grants and research grants for things like Alzheimer’s and cancer and AIDS.
* 4,000 fewer scientific research grants, eliminating support for 48,000 researchers, students, and teachers.
* Reduction of investments in clean energy technologies (reducing our dependence on foreign oil would be cut by nearly a fifth)
* in 2014, over 200,000 children would lose their chance to get an early education in the Head Start program
* Two million mothers and young children would be cut from a program that gives them access to healthy food
* 4,500 fewer federal grants at the Department of Justice and the FBI to combat violent crime, financial crime, and help secure our borders
* Hundreds of national parks would be forced to close for part or all of the year.
* Gutting agencies like the EPA would to enforce the laws that protect the air we breathe, the water we drink, or the food that we eat.
* Cuts to the FAA would likely result in more flight cancellations, delays, and the complete elimination of air traffic control services in parts of the country
* Over time, our weather forecasts would become less accurate because we wouldn’t be able to afford to launch new satellites
* Governors and mayors would have to wait longer to order evacuations in the event of a hurricane.
* Medicaid would simply be handed over to the states
* Would take away health care for about 19 million Americans
* Instead of being enrolled in Medicare when they turn 65, seniors who retire a decade from now would get a voucher that equals the cost of the second cheapest health care plan in their area. If Medicare is more expensive than that private plan, they’ll have to pay more if they want to enroll in traditional Medicare.
President Obama’s approach to reducing our deficit is a balanced approach that asks the wealthiest to pay their fair share, achieves significant health savings and enacts sensible spending cuts while making the investments we need to have a strong middle class.
It’s a test of fairness. The Congressional Republican budget gives every millionaire and billionaire a tax cut of at least $150,000 paid for by ending Medicare as we know it and gutting programs that help the middle class and our economy. This graphic shows just what that $150,000 means to those programs our economic recovery depends on: By standing by massive tax cuts we can’t afford paid for by the middle class and seniors, the Republican establishment has rubber stamped the economic policies of the past that caused the financial crisis in the first place. Just take a look at how much the Republican policies of the past added to our deficit: Changes in Deficit Projections Since January 2001 At this critical moment for our economy and the middle class, the President will continue to stand by a policy of fairness that reflects our core values as a nation.
For the entire article: Three Charts Illustrating Two Different Visions for Our Nation