Krugman- Budget Disinformation, Part 1 Million

[n2doc]

I’m late in getting to Glenn Hubbard’s debt column, but it still needs further bashing. Here’s what Hubbard says about the Obama administration:

Ruling out long-term entitlement spending restraint, Mr Obama has argued that fiscal sustainability can be accomplished by raising marginal tax rates on households earning more than $250,000 per year.


This is what it technically known as a “lie”. Has Obama ruled out entitlement spending restraint? Here’s his health policy head, explaining the plan:

While we’ve made real and significant progress, there is more work to do to strengthen Medicare for future generations. That’s why the President’s framework for shared prosperity and shared fiscal responsibility includes reforms that would save at least an additional $200 billion for Medicare over the next decade.

much more
http://krugman.blogs.nytimes.com/2011/05/28/budget-disinformation-part-1-million/

I think Paul is getting pretty fed up with all the lies being spewed out there on the different budget 'plans'....