MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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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
- 1960 reads
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
Not necessarily. It depends on the slack in the economy.But you know that. " "and inflation hurts the poor?"
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