Romney-Ryan Math Adds Up to Windfall for Rich, Fiscal Disaster for North Carolina

NC State AFL-CIO, PO Box 10805, Raleigh, NC 27605

For Immediate Release

Contact: Jeremy Sprinkle, Communications Director, 336-255-2711, [email protected]

ROMNEY-RYAN BUDGET VOTED FOR BY N.C. REPUBLICANS IN CONGRESS WOULD DESTROY MEDICARE AND COST STATE $635 MILLION A YEAR IN FUNDING FOR INFRASTRUCTURE, EDUCATION

Romney-Ryan math adds up to windfall for rich, fiscal disaster for North Carolina

Raleigh, NC - In light of Mitt Romney’s choice of Paul Ryan to serve as his running mate, the NC State AFL-CIO is highlighting the policies that Paul Ryan has proposed and Mitt Romney supports to make the top 1% richer at the expense of working families. According to the Center on Budget and Policy Priorities, the Romney-Ryan budget would end Medicare and slash crucial funds that support North Carolina’s schools, teachers, roads, bridges, clean water facilities and community and mental health services.

Between 2013 and 2014, the Romney-Ryan budget will slash $635 million from North Carolina, a 22 percent cut in federal aid. Over the next eight years, $5.68 billion would be cut – all of which means cuts to vital services including early childhood education, law enforcement, infrastructure-building and maintenance, as well as disaster response.

“With his choice for Vice President, Mitt Romney has shown how out of touch he really is. Paul Ryan wants to end Medicare while his policy proposals would make the rich even richer,” said NC State AFL-CIO President James Andrews.

“North Carolinians are still struggling to find work, pay for health care, and afford retirement. We shouldn’t even consider the possibility of destroying Medicare, cutting Social Security, or cutting funding for job training. Crippling education and allowing more offshoring to give tax cuts to the wealthiest is the last thing we need. The Romney-Ryan budget represents an extreme economic vision for an economy that works for a few, rather than an economy that lifts everyone up.”

North Carolina needs leaders in Washington, DC who will value hard work more than greed. The Romney-Ryan plan is a solution for a problem we don’t have – that the rich aren’t rich enough. Clearly, our state cannot afford to foot the bill for the radical, upside-down policy priorities of Mitt Romney and Paul Ryan.

Read the Center on Budget and Policy Priorities report at http://www.cbpp.org/cms/index.cfm?fa=view&id=3816.

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