There’s been a lot of speculation and commentary about the mysterious Romney/Ryan ‘Budget Plan’ and their refusal to delve into any specifics regarding how they can simultaneously cut taxes, diminish the deficit and ‘revitalize the American economy’. It’s reached the point that even Fox interviewer Greg Jarrett got so frustrated he stopped being a complete shill for Romney’s ‘policy director’ Lon Chaney—no, wait, I mean Lahnee Chen, of course. Some folks interpret this continual runaround to mean that the Teapublican candidates don’t actually have a plan, but my belief is that that assumption is ingenuous. IMO, the reality here is that there IS a plan, but the Romney/Ryan machine knows damned good & well that they can’t talk about it without committing political suicide.
There’s a lot of bluster about eliminating a variety of unspecified ‘deductions and loopholes’, but when you start translating that into reality, some painful truths jump out: the vast majority of deductions and loopholes are almost exclusively in the domain of corporations and the uber-rich. So any meaningful revamping of ‘deductions and loopholes’ amounts to the Teapublican anathema: raising taxes on the wealthy. Oops, can’t touch that issue, Norquist spank… Even a hint that the Ruling Class might get dinged, and the SuperPAC donations would vanish, no matter how much the Right wants to get rid of Obama.
Of course, on the flip side, if Romney/Ryan say anything about eliminating deductions and loopholes that don’t affect the mega-rich and/or corporate exploiters, there go the votes of practically everybody except the anti-abortion fanatics and the NRA. Obama knows at least one thing that Romney & Ryan don’t—the ‘average American’ is NOT raking in over a quarter-million a year. About the only ‘deduction’ that average citizens get is the deduction of interest on their mortgage loan— and talking about killing their deduction without touching the rich will cause Romney to go down faster than the Titanic. Not to mention that the housing market and associated industries are still on life-support, and eliminating the mortgage tax-deduction is about political par with turning off Granmaw’s iron lung. Romney likes to claim he understands how the middle class/working class is hurting, but you’ll recall Ann once said that early in their marriage when they were really struggling, they actually had to sell off some of their stocks…
In a paper world, it all looks the same: 100 million serfs getting dinged a grand apiece works out as equal to a half-million barons coughing up two-hundred grand each. In the real world, the difference is that if you’re pulling in 70-thou a year with two kids in college, a grand is real money; if you’re Ted Turner or Warren Buffett, two-hundred thousand as a minor stock deal, and if you’re Exxon-Mobil or General Electric, it’s parking-meter money. Problem: the barons control the hundreds of millions in PAC money, but the serfs control the millions of votes. Can’t pander to either one without pissing off the other… So what’s a poor little rich boy to do?
During the last Great Depression (in the 30’s, not the one we’re going through now), there were Dance Marathons, where the couple who could waltz the longest won the prize. Can Romney & Ryan keep up the Tax Reduction Tango for another 90 days without missing a step?