I didn't make this world for you.
You didn't buy any stock in my railroad.
You didn't invest in my corporation.
Where are your shares in standard oil?
I made the world for the rich
And the will-be-rich
And the have-always-been-rich.
Not for you,
Hungry child.-- Langston Hughes, “God to Hungry Child”
Dietrich Bonhoeffer, the great German Protestant Theologian, who was executed for opposing Hitler’s holocaust, believed that the test of the morality of a society is how it treats its children. I agree and am deeply ashamed that the United States of America flunks Bonhoeffer’s test every hour of every day as our policies and priorities permit 16.1 million children -- more than one in five -- to live in poverty in the richest nation on earth and 7.3 million to live in extreme poverty according to the new census poverty data. Children under five are our poorest age group with one in four infants, toddlers and preschoolers -- who did not choose their parents -- poor during their years of greatest brain development. The U.S. Agriculture Department recently reported that a record number of families in America are struggling to put enough food on the table and that one in five children live in a food insecure household. Millions of Americans, many of them hard-working parents, have only food stamps to keep the wolves of hunger from their door.
Yet the Ryan budget passed by the House of Representatives not only would do nothing to help or decrease epidemic poverty, hunger and homelessness during this time of economic downturn and parental joblessness, it would increase their struggles by taking away food and other essential supports. Ryanomics is an all out assault on our poorest children while asking not a dime of sacrifice from the richest 2 percent of Americans or from wealthy corporations. Ryanomics slashes hundreds of billions of dollars from child and family nutrition, health, child care, education, and child protection services, in order to extend and add to the massive Bush tax cuts for millionaires and billionaires at a taxpayer cost of $5 trillion over 10 years. On top of making the Bush tax cuts permanent, the top income bracket would get an additional 10 percent tax cut. Millionaires and billionaires would on average keep at least an additional quarter of a million dollars each year and possibly as much as $400,000 a year according to the Citizens for Tax Justice.
The Ryan budget does not name or touch any of the many expensive tax incentives, tax loopholes or tax subsidies that help the powerful and the wealthy. It doesn’t close tax loopholes or rein in incentives to corporations investing or taking jobs overseas several of which alone could generate $129 billion over ten years. It doesn’t touch the tax advantage for private equity partners which now provides a $15 billion windfall over ten years or the tax preferences for oil and gas companies that cost about $40 billion a year.
Ryanomics widens the already huge wealth and income chasm in our nation and only benefits the richest Americans and powerful corporations while ripping apart already porous safety nets for vulnerable children. Ryanomics masquerades as a fiscally responsible deficit-reducing budget plan to preserve our children’s future; in reality it is Robin Hood in reverse, stealing from babies to benefit billionaires and increasing the deficit.
To come up with a portion of the Ryan budget’s savings requirements, the House Agriculture committee chose to cut more than $33 billion from food stamps but left subsidies to large profitable corporate farms intact. By reducing benefits and changing food stamp eligibility rules nearly two million children would lose benefits, about 22 million children would be in households with reduced benefits, and 280,000 low-income children would lose free breakfast and lunch at school. Ryanomics equals more hungry poor children.
Ryanomics has no trouble naming cuts to programs helping poor children and families to pay for massive government handouts for the wealthiest. It: