The economy has been rebounding, the stock market is roaring, austerity economics have failed all over Europe, and U.S. voters spoke loudly on Nov. 6, but House budget czar Paul Ryan and his budget suggest they have been out to lunch the last four months.
Senate Democrats on Thursday offered a budget that considers all of these realities.
The elections were a referendum on the economic policies put forth by Ryan — a combination of brutal budget cuts and piein the-sky projections that were thoroughly rejected in favor of President Obama’s more humane, realistic plans. But like a particularly persistent zombie from “The Walking Dead,” Ryan’s plan has lurched back to life.
The House budget would cut Obamacare and domestic programs that benefit the poor and middle class while ditching infrastructure programs that provide jobs and bring the nation fully into the 21st century.
The Senate plan, drafted by Democrat Patty Murray of Washington, invests in America’s youth and future through revenue generated by tax hikes for the wealthy. It includes deficit reduction, primarily through cuts to both Pentagon spending and payments to health care providers. Typically, it reaches out to Senate Republicans in the spirit of compromise, while House Republicans offer nothing but ideology-based bromides already rejected by voters.
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