Monday, August 20, 2012

Nuggets from last week's Lawrence O'Donnell show

  • "What you need to know about the Ryan plan is when you hear all these deficit numbers about how low it goes over time, they went to the Congressional Budget Office, the people who score this stuff, and they said assume our tax plan doesn't lose any revenue, assume our frankly insane level of cuts to long-term discretionary spending, they bring everything the government does that is not an entitlement program down to under 4% of GDP by 2050 -- it's just ridiculous...." -- Ezra Klein, 8/13/12

  • "My argument was essentially political, that it simply makes no sense for Romney to put Ryan on the ticket if only because he doesn't attract a single new vote to Romney that he didn't already have.... And he brings along a lot of baggage, the Ayn Rand stuff, the abolish Medicare stuff." -- Bruce Bartlett, 8/13/12

  • Robert Reich was on the show on Tuesday August 14th and I will paraphrase what he said. Commenting on Obamacare versus the Romney/Ryan plan with regards to Medicare, Reich pointed out both plans will slow the growth of Medicare costs by about $715 billion over the next 10 years, but they each get there in starkly different ways. Obama's ACA does it by cutting over-payments to providers (hospitals, drug companies, etc.) and thus holding down costs. In contrast, the Romney/Ryan plan shifts the burden onto seniors, giving them vouchers and allowing costs to rise. The vouchers do not increase at the pace of rising costs, so who will make up the difference? Presumably it will come out of the pockets of seniors.

  • "You've got to win this in your own right as the top of the ticket and this doesn't answer the questions about Mitt Romney. What is his budget? Where are his tax returns? There still is a giant question mark that hangs over all these questions.... You just cannot figure it out. That's just not good enough" -- Richard Wolffe, 8/15/12

  • "I strongly suspect there is a tax felony in his tax returns. He did not disclose, the one thing he didn't disclose with the return he did disclose was the document about reporting foreign accounts. He specifically withheld that. That is the area in which he is at this point, I think it's fair to not completely assume but very strongly suspect that he is susceptible to a Federal felony charge on not having reported his foreign accounts and then he sought and obtained an amnesty which these returns would show." -- Lawrence O'Donnell, 8/16/12

    Lawrence has said such a felony, if indeed it exists and regardless of the eventual granted amnesty, would immediately force Romney to withdraw as the GOP candidate. Thus, it explains the adamant refusal to release the returns.

    Meanwhile, it is curious why there's been no outrage over Romney paying just 13.9% in income taxes as disclosed in the only return he has released. Wouldn't we all want to pay that ridiculously low rate?

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