Georgia’s own former Congressman Newt Gingrich called Ryan’s budget plan “right-wing social engineering” and a “radical change” from current economic policy. Romney quickly attacked Gingrich and defended Ryan’s budget for months before naming him Saturday as his running mate.
But Newt Gingrich was right! The Romney-Ryan budget would be a nightmare for Georgia.
The budget asks the middle class to pay more so millionaires and big corporations can pay less. Under Romney’s plan, 4.4 million middle-class Georgia families would face a tax increase. The average tax increase for families with children would be $2,000. While the middle class pays more, the richest Americans would get another $265,000 tax break each.
Here are just a few of the highlights from a plan Georgia simply cannot afford. If fully enacted, the Romney-Ryan Budget would:
- End Medicare as we know it , taking away seniors’ guaranteed benefits that they worked for and replace it with a voucher program. In Georgia, 1,391,252 people would be forced into a voucher system
- Cut Federal spending in Georgia by 41.4 percent, the 5th largest cut in the nation
- Cut funding for education, including millions in Head Start and special education for Georgia schools
- Cut the Supplemental Nutrition Assistance Program by 10 percent, leading to $284 million less in SNAP payments for 1,591,078 Georgia residents who receive nutrition assistance (17.9 percent of Georgia residents earn an income below the poverty level)
- Put at risk more than 275,000 college students who receive Pell grants, a needs-based program for higher education
Georgia simply can’t afford Mitt Romney and Paul Ryan.
While Romney has been on both sides of every issue, his choice of Paul Ryan as his vice presidential running mate shows that his pledge to reward corporations and the top 1 percent at the expense of seniors, students, veterans and the middle class is unwavering.