The GOP Balanced Budget Plan - What's The Catch? - YouTube

House Republicans have revealed their budget guidelines their blueprint for the next year

and it is a nightmare a nightmare combined with a fantasy it's like they've gone off

to Oz and now they're surrounded everything they could possibly y want that is the budget

that they have put across a budget that will never become law it will never be acted on

in the way that they hope that it will and look by the time next week at the end of next

week when it's finally voted on both the House version and the Senate version will have gone

over it in detail in multiple different ways today I want to introduce you to some of the

ridiculous policy prescriptions in this budget proposal it's being pushed by House Budget

Committee Chairman Tom Price and as I said it is complete fantasy so here are some of

general guidelines and specific proposals in it House Republicans say that it would

reach a $13 billion surplus in 2024 and a $33 billion surplus in 2025 that sounds great

overall by the way it would limit overall spending to something like 1.077 trillion

dollars as a ceiling it does reach those surplus though by projecting that increased economic

growth according to its policy prescriptions will generation $147 billion in additional

tax revenue for the government over the next 10 years this is dynamic scoring which mean

that rather than having the CBO actually look at what the bill with actually do they get

to instruct the CBO to interpret it in particular way to say look we're assuming certain things

about how this will effect economic growth which is ridiculous you can't OK just say

that it will triple the size of the economy why not just say that that's not how budgets

are actually scored that's not how we organize budget legislation it does not itemize actual

cuts that it says it will make but it says it would reduce $400 billion in spending from

Ryan's budgets they're talking about Paul Ryan who'd done previous budgets for the Republicans

there would be cuts coming from mandatory spending consolidating programs streamlining

regulations and eliminating waste fraud and abuse according to the report that's what

they say every time so understand that when they come out and they're going to be say

for the next two weeks that have balanced the budget despite the fact that we're going

to be throwing all of this extra money at the military we've balanced the budget they've

balanced the budget using two complete and utter tricks one dynamic scoring just making

up fake economic growth that's going to happen and two saying that we're going we're going

to eliminate waste and fraud and abuse which they don't want at all they love the tax fraud

that's currently going that has been going for decades in this country they're not actually

going to eliminate it so that's two little magic tricks they're playing the budget includes

$90 billion for the Defense Department's war funding account known as the overseas contingency

operations fund which falls outside the base budget and has been used to carry out the

wars in Iraq and Afghanistan so they're going to be throwing massive amounts of additional

military spending more than the military is actually requesting but Obama was already

giving them tons of money they're going to be giving more and then outside of that they

have this additional sort of piggy bank that they can use and if you give them the billions

of dollars they're going to find a way to use it sure but it's ridiculous to say that

we're going to be making all of these cuts which you're going to see soon and then we're

just going to give more money than the military is even asking for it insane the world that

we live in when it comes to the budgetary priorities of the United States now importantly

it doesn't touch Social Security which is an area that I guess one way that they didn't

go absolutely insane in this proposal but it does propose that a bipartisan commission

study the entitlement programs problems and then submit proposals to congress so they're

not willing to say we're going to cut Social Security just yet but they do want somebody

to come up with a way to cut Social Security I have a feeling that they will find a way

in the end it was partially privatize Medicare and convert Medicaid into block grants repeal

the popular Medicaid expansion offered through ObamaCare he argues that the Obama Care repeal

would save more than $2 trillion again that's effectively just made up and so that's another

way that they're saying they're going to save all this money that they will not actually

save really fast before I continue with that so here's what's going to actually happen

in the real world if they theoretically did get this budget to actually be passed then

over the next ten years you would see massively increased deficits you would see tons more

money added to the national debt and then in 8 or 12 or 16 years when the country is

like this is ridiculous the economy is catering because of the economic irresponsibility of

the Republicans then they'll elect a Democrat the economy will be in shambles the deficits

will be super high and they'll say oh it's that Democrats fault that's exactly what they

did with Obama and that's exactly what they're trying to set up with this budgetary fantasy

that they have here by the way the whole repealing Obamacare they obviously they don't actually

offer up any alternative you're not going to be surprised to find out that and they

specifically add language in this budget proposal that would allow Obamacare to be repealed

with a simple majority vote of course they have to make it as simple as possible by the

way also and so when I say that this is a fantasy land and it's like them going through

Willy Wonka's chocolate factory and choosing all of the budgetary candies that they like

the most get a lot of this the house budget would also repeal much of Obama's 2010 law

regulating Wall Street financial firms it would cut food stamps significantly converting

them into a state flexibility fund to be administered by state governments so any kind of federal

responsibility for that is going to be gone which means that states can then decide to

completely cut it or massively cut it if they want to it would cut the size of Pell Grants

the popular federal financial aid programs for higher education one of the few ways that

education is remotely affordable for many Americans is these Pell Grants which already

are not keeping up with the rise in tuition and cost of living for college students they're

going to further cut that so food stamps gone financial regulation of Wall Street regulation

which is already too weaksauce gone Pell Grants are going to be gone and then just to sum

it up if you have any I guess last idea that maybe the Republicans care at all about the

regular person the regular American citizen over the next decade the blueprint proposes

raising defense spending by a total of $387 billion dollars and cutting non defense spending

by $759 billion so that's what they like our military already takes up more money than

I mean watch Newsroom like our next ten allies combined we spend more than is conceivable

by a rational brain we could accomplish everything we want with our military and still massively

cut the military theoretically but no it's already crazy high and it's going to get higher

over the next 10 years and by the way I mean with spending more money on that we got to

cut money somewhere and so they're going to be cutting it from all the few remaining that

we actually help out regular people the Pell Grants the food stamps there's going to be

tax changes in there which are going to screw over especially poor people Rubio's tax which

we'll be talking about soon raises the minimum tax bracket for the poorest American's by

50% while cutting taxes for people making over $200,000 this is what the Republicans

actually want for this country now is it actually going to happen no it's not going to happen

the Senate is going to come out with their version tomorrow I believe Mike Enze the Senate

Budgetary Chairman is going to come out with his they're going to talk about it for a week

mark it up combine the differences and all that and then vote on it it's fantasy I don't

know what the Democratic counter proposal is going to be I don't know what Obama is

going to do but there is absolutely no way that American can weather a budget like this

it's a fantasy it needs to be destroyed