Once more: Ryan has not produced a serious budget
By Jonathan Bernstein
WashPost
Great hypothetical from Dean Baker for how to think about the House Republican budget, as written by Paul Ryan:
(More here.)
WashPost
Great hypothetical from Dean Baker for how to think about the House Republican budget, as written by Paul Ryan:
Let’s imagine the equivalent on the opposite side. Suppose that we proposed to increase Social Security benefits for the bottom two income quintiles of retirees. Suppose that we also proposed increased spending on infrastructure, research and development, and education.What’s more: Would anyone who read such a budget foolishly claim that it was “serious”? Of course not. It would immediately be seen for what it was: an attempt to raise spending on Democratic priorities using a fig leaf of phony deficit reduction to cover the expense. That’s exactly what appears to be happening with Paul Ryan, the House Republicans and taxes. Lots of specifics about where they’re going to cut taxes, lots of hand-waving about paying for it (via Scott Lemieux, who has more).
Suppose the left-wing Ryan budget wrote down that these spending increases would be offset by unspecified reductions in government waste. We then told the Congressional Budget Office to score it accordingly. Is this a good starting point for further discussion?
(More here.)
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