Krugman: Ludicrous and Cruel

[ProSense]

Ludicrous and Cruel

By PAUL KRUGMAN

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First, Republicans have once again gone all in for voodoo economics — the claim, refuted by experience, that tax cuts pay for themselves.

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In short, this plan isn’t remotely serious; on the contrary, it’s ludicrous.

And it’s also cruel.

In the past, Mr. Ryan has talked a good game about taking care of those in need. But as the Center on Budget and Policy Priorities points out, of the $4 trillion in spending cuts he proposes over the next decade, two-thirds involve cutting programs that mainly serve low-income Americans. And by repealing last year’s health reform, without any replacement, the plan would also deprive an estimated 34 million nonelderly Americans of health insurance.

So the pundits who praised this proposal when it was released were punked. The G.O.P. budget plan isn’t a good-faith effort to put America’s fiscal house in order; it’s voodoo economics, with an extra dose of fantasy, and a large helping of mean-spiritedness. 

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[Life Long Liberal]

1. I love Paul! n/t

[flpoljunkie]

2. Just finished reading this Krugman column. K&R!

[babylonsister]

3. Rec'd. Krugman says it so well. nt

[fishwax]

4. k/r

:kick: