So...reading the two budgets is beneath you? You had rather listen to someone tell you what it says? Like economist? Like the ones who predicted the ’08 collapse? OH yeah right they missed that one…so that makes them credible how?
I've read the budget plans, and the Ryan plan cuts revenues so much more than spending the deficit is larger that projected if we do nothing. Basically what is does is throw seniors under the bus to give the rich bigger tax cuts, so it adds to the deficit rather than reducing it,
If you add in Romney's pledge to increase spending on the military, that creates a trillion dollars more in deficit spending over the next decade.
The GOP plan is just Bush redux, so thanks but no thanks!
And they didn't miss it:
Glass-Steagall Act: The Senators And Economists Who Got It Right
"Outside government, doomsday-ing over the repeal of Glass-Steagall seemed far more palatable a position to take. Edward Kane, a finance professor at Boston College, warned that "nobody will be able to discipline a Citigroup" once the legislation passed, because the banks would be too big and the issues too complex.
"It made it possible for the very big firms to take risks in away that would require a great deal of investment risk and time for regulatory agencies," Kane recalled ten years later. "You had people who could basically outplay the regulators."
Jeffrey Garten, who at the time had left his post as Undersecretary of Commerce for International Trade at the Clinton White House, wrote in the New York Times that if these new "megabanks" were to falter, "they could take down the entire global financial system with them."
"Sooner or later, perhaps starting with the next serious economic downturn," he wrote, "the US will have to confront one of the great challenges of our times: how does a sovereign nation govern itself effectively when politics are national and business is global?"
Consumer protection advocate Ralph Nader, meanwhile, was far more succinct in his skepticism. "We will look back at this and wonder how the country was so asleep," he said at the time. "It's just a nightmare."
Glass-Steagall Act: The Senators And Economists Who Got It Right
Tell me honestly it is not about you...self-interest is the most basic human nature...it's called survival.
Its not about me, I'm doing okay, my concern is for our country's economy and my fellow citizens.
Only far right conservatives care more about themselves than they do the economy and their fellow citizens.
