House Budget Committee Chairman Paul Ryan released the GOP
budget plan yesterday, reflecting a continuation of gridlock and partisan
attacks by each party on the opposition’s core constituencies. The Obama administration budget attacks the
Republican Party’s core constituency by proposing significant tax increases on
the very rich, while the House plan attacks the Democratic Party’s core
constituencies by proposing draconian cuts in Medicare and Medicaid and repeal
of Obama’s signature health care law.
While neither plan stands any chance of getting passed into
law this session, the stark contrast signals another year of government by
continuing resolution without any significant tax or spending reforms. Once
again, election year politics has taken precedence over any hope of legislative
solutions to any of America’s many significant economic problems.
