Krugman-Serious?

[n2doc]

April 9, 2011, 6:09 AM
“Serious”
I’m in an airport lounge, for my sins, and there’s no avoiding the TV running CNN. And there’s David Gergen, telling me that the Ryan plan, whatever its flaws, is “serious”. So I guess that’s the Very Serious People line.

James Fallows has a very good take on this; my version would be this: I don’t think a budget plan is “serious” unless it has numbers that remotely add up, says something specific about how it will cut spending and/or raise revenue, and puts forward proposals that have at least some chance of actually going into effect.

So, we have a plan that proposes to cut spending to Calving Coolidge levels, without explaining how it will do that; that includes $2.9 trillion in tax cuts, but asserts that it will make that up by broadening the base — yet says literally nothing about what that means; and has as its centerpiece a Medicare plan that will collapse as soon as seniors start getting their grossly inadequate vouchers.

Oh, and it directs us to a totally ludicrous Heritage Foundation analysis for support.

There’s nothing serious about this plan. And the way our pundit class swooned over this fantasy document suggests that all those people lecturing the American people about our unwillingness to face up to reality and make hard choices should spend some time looking in the mirror.

http://krugman.blogs.nytimes.com/2011/04/09/serious/

[myrna minx]

1. Thank god the Dems and Obama caved in to this insanity.

:-(

[glowing]

2. That's Ryan's 2012 budget. not the current crap.

[livetohike]

3. Ryan and the Tea Party just pick a number out of the hat

like say $100 billion and have no plan on where to cut it or why. Just pick a number that "sounds good". No details, but who needs details, unless it's their family that is personally affected.

The GOP crossed the line on their attack on Planned Parenthood. Their march toward messing with Medicare will be the end for them. Ryan can bluster all he wants. Mr. Young Gun will wither in the end.