Krugman: Ryan’s $2.6 Trillion IOU
“what [Ryan’s] budget actually proposes (as opposed to vaguely promises) in its first decade…:
Spending cuts: $1.7 trillion
Tax cuts: $4.3 trillion“This is, then, a plan that would increase the deficit by around $2.6 trillion.
How, then, does Ryan get to call himself a fiscal hawk? By asserting that he will keep his tax cuts revenue-neutral by broadening the base in ways he refuses to specify, and that he will make further large cuts in spending, in ways he refuses to specify. And this is what passes inside the Beltway for serious thinking and a serious commitment to deficit reduction.”
Republicans promise deficits. Their electorate block this from memory, then complain about the deficits they created when a Democrat is in office.
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birdmechanical said:
I always say, hate Democrat’s for taxes, but the tax and spend liberal balances budgets more sensibly than your tax cut and spend conservative.
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