Paul Ryan: Privatize Medicare, Eliminate Medicaid and Food Stamps
The House of Representatives on Thursday approved House Budget
Committee Chairman Paul Ryan’s proposed $3.5 trillion budget resolution
on a 228 to 191 vote, largely along party lines.
If Ryan (R-WI) has his way with his proposed budget resolution,
Medicare will be privatized and Medicaid, food stamps and many other
federal entitlement programs will be eliminated. The cuts under Ryan’s
budget proposal, if implemented, would drastically increase income
inequality and poverty.
Can talking differently boost the economy? It sounds like a silly idea, but as long as the talkers have the right jobs, there’s considerable theoretical reason to believe they can make a huge difference. New research from the Federal Reserve Bank of Chicago shows that talk does matter and that the Fed could significantly improve the economy by choosing its words better.