Search This Blog

Friday, April 8, 2011

Krugman weighs in again

Ludicrous and cruel.

A more sober assessment from the nonpartisan Congressional Budget Office tells a different story. It finds that a large part of the supposed savings from spending cuts would go, not to reduce the deficit, but to pay for tax cuts. In fact, the budget office finds that over the next decade the plan would lead to bigger deficits and more debt than current law.

And about those spending cuts: leave health care on one side for a moment and focus on the rest of the proposal. It turns out that Mr. Ryan and his colleagues are assuming drastic cuts in nonhealth spending without explaining how that is supposed to happen.

How drastic? According to the budget office, which analyzed the plan using assumptions dictated by House Republicans, the proposal calls for spending on items other than Social Security, Medicare and Medicaid — but including defense — to fall from 12 percent of G.D.P. last year to 6 percent of G.D.P. in 2022, and just 3.5 percent of G.D.P. in the long run.

That last number is less than we currently spend on defense alone; it’s not much bigger than federal spending when Calvin Coolidge was president, and the United States, among other things, had only a tiny military establishment. How could such a drastic shrinking of government take place without crippling essential public functions? The plan doesn’t say.

The Ryan plan calls for a discretionary budget which includes defense that is lower than the current defense budget. It's nothing more than a right wing wet dream, devoid of reality and in the end, makes absolutely no attempt to even tackle the deficit. Even, now Republicans are still going the Karl rove/Dick Cheney route that deficits don't matter. It's utterly destructive, illogical on every level and is, despite the fawning praise totally unserious.

No comments: