Monday, April 2, 2012

Pink Slime Economics

The title of a Krugman op-ed piece in the NY Times.  (I know!  Not a blog post, a whole article!)  Krugman derides Rep. Ryan's budget proposal, and I find it indeed hard to not be critical of the proposal.  A commentor points out the hypocrisy of the right wing crying out class warfare.  Another point of hypocrisy, I haven't read much about the new budget proposal actually doing significant deficit reduction - and from what little I've read of the proposal, I can't see how it would, considering you're cutting spending and likely dropping revenue.  Rep. Ryan consistently suggests "broadening the tax base" - is he suggesting taxing the poor significantly more?  I agree with some notions, such as rethinking the culture of government spending, but this proposal is ridiculous.

Path to Prosperity for Rich Folk, more like...

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