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Sunday, April 10, 2011

Krugman makes this point with the Ryan plan

Looking at this massive tax cut — NOT taken account of in the CBO estimates — might almost make you think that (a) the Ryan plan would actually increase the deficit and (b) the whole goal is not to reduce the deficit, but to transfer income upward. In fact, it so happens that the estimated cost of those tax cuts is almost exactly equal to the proposed cuts to Medicaid, food stamps, and other programs helping lower-income Americans.

That sums it all up.

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