Paul Krugman takes on the Golden Boy of the GOP – Paul Ryan – in today’s New York Times. You can read his column “The Flim Flam Man” here. I thought there were several points worth extracting from the editorial.
“But no: as long as someone on the right claims to have bold new proposals, he’s hailed as an innovative thinker. And nobody checks his arithmetic.
“Which brings me to the innovative thinker du jour: Representative Paul Ryan of Wisconsin.”
“But it’s the audacity of dopes. Mr. Ryan isn’t offering fresh food for thought; he’s serving up leftovers from the 1990s, drenched in flimflam sauce.”
“The nonpartisan Tax Policy Center has, however, stepped into the breach. Its numbers indicate that the Ryan plan would reduce revenue by almost $4 trillion over the next decade. If you add these revenue losses to the numbers The Post cites, you get a much larger deficit in 2020, roughly $1.3 trillion.”
“The Roadmap wouldn’t reduce the deficit. All it would do is cut benefits for the middle class while slashing taxes on the rich.And I do mean slash. The Tax Policy Center finds that the Ryan plan would cut taxes on the richest 1 percent of the population in half, giving them 117 percent of the plan’s total tax cuts. That’s not a misprint. Even as it slashed taxes at the top, the plan would raise taxes for 95 percent of the population.”
“The Ryan plan is a fraud that makes no useful contribution to the debate over America’s fiscal future.”
For those of you in his District or who believe in his scam, read the full editorial from Nobel Prize Winner Paul Krugman to understand how misguided Ryan and his “Roadmap for America’s Future” really are.