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KRUGMAN: Paul Ryan's Budget Plan Is Ludicrous And Cruel
Business Insider ^ | 0.4/07/11 | Henry Blodget

Posted on 04/08/2011 8:57:35 AM PDT by TigerLikesRooster

KRUGMAN: Paul Ryan's Budget Plan Is Ludicrous And Cruel

Paul Krugman has had a look at the Paul Ryan plan to save America from bankruptcy.

Not surprisingly, he hates it.

He blasts the (ludicrous) logic that tax cuts will increase revenue. He ridicules the implied cuts in non-healthcare spending, which call for everything but Medicare, Medicaid, and Social Security to fall from 12% of GDP last year to 3.5% eventually (3.5% is more than we spent on defense alone last year). He lambastes the 2.8% unemployment assumption. He also ridicules the idea that "vouchers" will enable seniors to buy private healthcare plans that will come close to providing the same sort of coverage that Medicare does.

In short, he dismisses the plan as silly and cruel.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: deficit; krugman; paulryan; spendingcut
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1 posted on 04/08/2011 8:57:44 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

P!


2 posted on 04/08/2011 8:59:16 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: TigerLikesRooster

Wow...if Krugman’s saying this, Ryan must have done a nice job!


3 posted on 04/08/2011 8:59:45 AM PDT by woweeitsme
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To: TigerLikesRooster

They left out meanspirited and harmful to children. Did I miss some other talking points?


4 posted on 04/08/2011 8:59:52 AM PDT by WakeUpAndVote
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To: TigerLikesRooster

Yes, complete implosion of the U.S. economy under a mountain of debt is much nicer.


5 posted on 04/08/2011 9:00:09 AM PDT by USNBandit (sarcasm engaged at all times)
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To: TigerLikesRooster

He is just jealous. Ryan would destroy shis half/ass
biased opinion. JK


6 posted on 04/08/2011 9:00:54 AM PDT by sanjacjake
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To: TigerLikesRooster

No!...What’s cruel you big a-hole is NO JOBS for Americans!!


7 posted on 04/08/2011 9:01:05 AM PDT by AngelesCrestHighway
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To: TigerLikesRooster

Plagiarizing ME:

When MY charge card statement hit my mail box like a wrecking ball from outer space once a month, I went on an personal and very rigid austerity program.

It was ludicrous and cruel TOO. Ludicrous, that I let my self get into that position... and cruel, because my money was funny for a long time.

I paid it down then I paid it OFF.

See.... that’s how you do it. Bite the bullet...like a grown up!!


8 posted on 04/08/2011 9:01:49 AM PDT by SMARTY (Conforming to non-conformity is conforming just the same.)
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To: TigerLikesRooster
Reading more of your Nutty Professor articles is cruel. How in the world did you get any credibility when your track record in economics has been discredited, Paul? You are a whiny Commie hack.


9 posted on 04/08/2011 9:02:19 AM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: SMARTY

Paul Krugman is ugly and stupid.

Ha!


10 posted on 04/08/2011 9:02:39 AM PDT by paulycy (Islamo-Marxism is Evil.)
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To: TigerLikesRooster

Spoken like a true limp wristed lib!If Obama won’t sign on, shut it down!


11 posted on 04/08/2011 9:03:50 AM PDT by Paperdoll ( On the cutting edge)
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To: TigerLikesRooster

“He blasts the (ludicrous) logic that tax cuts will increase revenue.”

It’s not “(ludicrous) logic.” It’s proven historical fact. But libtards like Krugman and the author of this article are willfully ignorant of that FACT.


12 posted on 04/08/2011 9:04:30 AM PDT by piytar (Godwin's rule is null and void. If you don't know what I mean, you aren't paying attention...)
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To: TigerLikesRooster

It’s impossible to reason with true liberals. I’ve tried...

The problem is that there are so many of them out there.

There were enough of them to elect obama.


13 posted on 04/08/2011 9:04:56 AM PDT by Dr. Scarpetta
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To: WakeUpAndVote
Women and minorities need to get a mention.
All in the spirit of fairness, you know.
14 posted on 04/08/2011 9:05:09 AM PDT by ComputerGuy (HM2/USN M/3/3 Marines RVN 66-67)
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To: TigerLikesRooster

Paul Krugman hates Paul Ryan idea and thinks Ryyan is a free ride killer.


15 posted on 04/08/2011 9:06:50 AM PDT by Vaduz
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To: ComputerGuy

You left out gays and lesbians.


16 posted on 04/08/2011 9:06:56 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: TigerLikesRooster

Krugman, you’re ludicrious and cruel wanting to saddle our children with trillions in debt and to turn this country into Greece over some misbegotten understanding of what constitutes compassion.


17 posted on 04/08/2011 9:07:31 AM PDT by MissesBush
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To: TigerLikesRooster
KRUGMAN: Paul Ryan's Budget Plan Is Ludicrous And Cruel

I expect this form of screed from a Marxist/Anarchist.

18 posted on 04/08/2011 9:08:09 AM PDT by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your law is my delight.)
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To: TigerLikesRooster

This administration;s spending is Ludicrous And Cruel.


19 posted on 04/08/2011 9:12:23 AM PDT by TribalPrincess2U (They don't need to do another 911. They have BHO and the Fleebaggers.)
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To: USNBandit

Most of my politics revolves around leaving a nation in which my children and grandchildren have a chance to thrive. The Democrats, in contrast, seem hell-bent on consuming the fruits of the labor of generations not yet born.


20 posted on 04/08/2011 9:12:49 AM PDT by fhayek
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