Oct 12, 2011
Republican Congressional Leadership Thanks Congressman Schilling for Ending Medicare, Stopping Jobs
Since coming to Washington, Congressman Bobby Schilling (IL-17) has been a loyal foot soldier for the Republican agenda to end Medicare and stop creating jobs. So what better way for Congressional Republican leaders to thank him than by paying him a fundraising visit? Congressman Schilling’s campaign boasted that Congressman Paul Ryan who drafted the Republican plan to end Medicare and who believes Social Security is a Ponzi Scheme will be shilling for Schilling on October 24th in Moline. Tickets run from $250-$2,500 to attend.
“If Illinois voters wondered whose side Congressman Schilling is on, just look who he invited for breakfast: the controversial author of the Republican plan to end Medicare,” said Haley Morris of the Democratic Congressional Campaign Committee. “Illinois families sent Congressman Schilling to Washington to create jobs, but instead he put aside the needs of Illinois to vote lockstep for the Congressional Republican agenda that ends Medicare and harms the economy. Now Republican Congressional leaders may want to keep Schilling in Washington, but Illinois families deserve better.”
BACKGROUND:
Paul Ryan to Host Fundraiser in Illinois for Schilling. Bobby Schilling announced Paul Ryan would be hosting a fundraiser for the Illinois lawmaker on October 24 at a constituent’s home in Moline. Contribution range for this event is between $250 and $2500. [Bobby Schilling for Congress Email, 10/12/11]
Bobby Schilling Voted to End Medicare. On April 15, 2011, Bobby Schilling voted for the House Republican budget prepared by Paul Ryan. According to the Wall Street Journal.” [H Con Res 34, Vote #277, 4/15/11; Wall Street Journal, 4/4/11]
- Former McCain Economic Advisor: 1.7 Million fewer Jobs Under House Republican Budget. According the Mark Zandi of Moody's, a former economist for the McCain 2008 Presidential Campaign, the Ryan approach would result in 1.7 million fewer jobs, including 900,000 next year, than is the case under the president's proposal. [Moody's Analytics, 4/14/11]
Bobby Schilling Supported “Cut, Cap, and Balance.” On July 19, 2011, Bobby Schilling voted for “Cut, Cap, and Balance Act,” a bill whose goal is to limit federal outlays to 18 percent of gross domestic product. [HR 2560, Vote #606, 7/19/11; HR 2560, 7/19/11]
- Cut, Cap and Balance Will Cost Americans 700,000 More Jobs. According to the Center on Budget and Policy Priorities, the House Republican backed Cut, Cap and Balance would “cause the loss of roughly 700,000 jobs in the current weak economy, relative to what the number of jobs otherwise would be.” Similarly, Scripps Howard News Service described the proposal as “both simplistic and economically destructive.” [House Republican Study Committee Website, accessed 7/15/11; Center on Budget and Policy Priorities, 7/16/11; Scripps Howard News Service Editorial, 7/5/11]
Mark Zandi: Republican Proposals, Like Rolling Back Regulations, Will Not Create Jobs in the Next Year. “Mark Zandi, chief economist at Moody's Analytics, similarly said the Republican proposals ‘are generally good longer-term economic policy, but they won't mean much for the economy and job market in the next year.’ He continued: ‘Given the high odds of another recession in the next few months, it is vital for Congress and the administration to provide some near-term support to the economy.’” [New York Times, 10/6/11]
Paul Ryan Called Social Security a Ponzi Scheme. On September 20, 2011, Paul Ryan equated Social Security to a Ponzi scheme. When asked by conservative radio host Laura Ingraham if he agreed with Governor Rick Perry, who earlier compared Social Security to the type of investment fraud, Ryan claimed that he did. “So if you take a look at the technicality of Ponzi—I would—it’s not a criminal enterprise, but it is a pay-as-you-go system where—you know—earlier investors, or say taxpayers, get a positive rate of return and the most recent investors, or taxpayers, get a negative rate of return,” said Ryan. “Your kids and my kids, Laura, they’re the same age are going to get about a negative one percent on their payroll taxes if Social Security and even pay them their benefit, which it can’t. And so, it is obviously, that is how those schemes work.” [Laura Ingraham, 9/20/11]
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