NYT: Ryan's budget cuts spending by $4.3 trillion while cutting tax revenues $4.2 trillion

[flpoljunkie]

April 12, 2011

Budget Battles: Tax and Spending Myths and Realities

Here are two numbers to keep in mind when thinking about the House Republicans’ budget plan: They want to cut spending on government programs over the next decade by $4.3 trillion. And they want to cut tax revenues over the same period by $4.2 trillion.

Government spending needs to be brought under control. But slashing vital services just to pay for more tax cuts is bad public policy and bad economics.

It won’t fix the deficit, no matter what the Republicans claim.

We’ve seen this play before. President Ronald Reagan promised that tax cuts would spur more economic growth and pay for themselves. During his tenure, the deficit hit what was then a peacetime high of 6 percent of gross domestic product, and he eventually decided that he had no other alternative but to raise taxes to try to close the gap.

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[AtomicKitten]

1. I noticed that and that is precisely what the GOP governors are doing.

Hopefully Pres O will point that out today.

[pansypoo53219]

2. ryan's plan is grover norquist's

wet dream. zombie reagan's love child.

[flpoljunkie]

3. Ryan's plan is who Republicans are and what they believe. It's time Americans learn this.