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Ryan's Budget: The Most Fraudulent Proposal in American History
http://economistsview.typepad.com/economistsview/2012/08/ryans-budget-the-most-fraudulent-proposal-in-american-history.htmlPaul Krugman on Paul Ryan:
Ludicrous and Cruel, by Paul Krugman, Commentary, NY Times: ...Many commentators swooned earlier this week after House Republicans, led by the Budget Committee chairman, Paul Ryan, unveiled their budget proposals. They lavished praise on Mr. Ryan, asserting that his plan set a new standard of fiscal seriousness.
Well, they should have waited until people who know how to read budget numbers had a chance to study the proposal. For the G.O.P. plan turns out not to be serious at all. Instead, its simultaneously ridiculous and heartless. ...
In the past, Mr. Ryan has talked a good game about taking care of those in need. But as the Center on Budget and Policy Priorities points out, of the $4 trillion in spending cuts he proposes over the next decade, two-thirds involve cutting programs that mainly serve low-income Americans. And by repealing last years health reform, without any replacement, the plan would also deprive an estimated 34 million nonelderly Americans of health insurance.
So the pundits who praised this proposal when it was released were punked. The G.O.P. budget plan isnt a good-faith effort to put Americas fiscal house in order; its voodoo economics, with an extra dose of fantasy, and a large helping of mean-spiritedness. ...
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Ryan's Budget: The Most Fraudulent Proposal in American History (Original Post)
hue
Sep 2012
OP
Bill USA
(6,436 posts)2. recommended!