Ryan's story's one drawback.It's wrong

    By Flavius on Sat, 08/18/2012 - 8:43pm |

    according to Martin Wolf.

    In the Aug 18 FT.Where he encapsulates Plan Ryan this way

    The Ryan plan is (an) example...of the Republican   policy (of) cutting taxes in order to increase deficits and so justify cuts in spending

    Then goes on to do what any self-respecting economist could ,and ought to , do ;actually read  Ryan's plan and add up the numbers to see whether it does what Ryan claims.

    It doesn't.

    It's similar to a New Yorker cartoon I've mentioned before:scientist pointing at a black board crammed with equations says "here's where a miracle occurs"

    But read it for yourself

     

    Comments

    Interesting election so far. The Dems have no ideas and the Republicans have a bunch of bad ideas. Obama's people are betting no ideas beats bad ideas.


    by Dan Kervick on Sun, 08/19/2012 - 12:16am

    Lead, follow, or get out of the way

    Thomas Paine


    by Resistance on Sun, 08/19/2012 - 12:33am

    The Republican idea is to pretend they are against deficits while what they are really against is poor people.


    by Flavius on Sun, 08/19/2012 - 7:40am

    Don't deficits lead to inflation and inflation hurts the poor?

    All because some senator wanted a bridge to nowhere, a loaf of bread will cost $5.00 a loaf?


    by Resistance on Sun, 08/19/2012 - 7:59pm

     Don't deficits lead to inflation

    Not necessarily. It depends on the slack in the economy.But you know that.                "                                                                                                                                            "and inflation hurts the poor?"                                                                                                                                                              

     Not necessarily.Sometimes helps them if it gets them get a job. But you know that. You're just making debating points, as we called them in high school.Where they belong. 

    by Flavius on Mon, 08/20/2012 - 8:19pm

    Not necessarily? We have a huge deficit and we have no jobs.

    It doesn't take a  high school student or a rocket scientist to figure out, we got a problem with this model.

    Maybe you didn't know it,  Money doesn't grow on trees.

    At the first sign of troubling inflation the FED will raise interest rates.

    Now tell me that won't affect the poor.

    Maybe you should go back to High School?


    by Resistance on Mon, 08/20/2012 - 10:30pm

    More of the same.

    Pity.


    by Flavius on Tue, 08/21/2012 - 10:22pm

    I thought that Obama released a plan last year. Tax increases were a core of the proposal.


    by rmrd0000 on Sun, 08/19/2012 - 3:57pm

    Latest Comments