Posted on 04/05/2011 4:16:57 PM PDT by SeekAndFind
The Paul Ryan deficit-elimination plan assumes that unemployment will drop to 2.8% by the year 2028.
As Paul Krugman points out, the only time we've been at this level was briefly, during the Korean War. Even during the crazy .com, unemployment barely broke below 4%.
Seriously, if Obama announced a plan with something like that, he'd be mocked left and right.
And again, via Krugman, the Heritage Foundation table pointing out the number. You can see the 2.8% estimate in the very bottom right hand.
(Excerpt) Read more at businessinsider.com ...
Why are you pimpin for Krugman - idiot.
By then the death panels will have you kilt off by the time you are 60, not matter what your health status, so 2.8% would be achievable.
By then they will have raised the retirement age to
70 so it’s a win win.
PathToProsperity...here...
http://budget.house.gov/UploadedFiles/PathToProsperityFY2012.pdf
HOORAY Paul Ryan!
If the criticizing Paul Ryan is coming from Paul Krugman, Ryan must be on to something
Ryan’s so-called “plan” was a farce from the gitgo
RE: Why are you pimpin for Krugman - idiot.
Why would you assume that?
FReepers post various articles (even from critics) all the time.
Why don’t you refute Krugman instead of attacking me as if I endorsed his opinions...
Keep going after unemployment Joe, it only makes our present 17% or so all the more real. IMO, it’s in the left’s responses to Ryan’s budget where we’ll eventually win on the issues.
RE: Ryan’s so-called “plan” was a farce from the gitgo
You have some explaining to do. The obvious question is WHY IS THIS A FARCE and what’s the alternative?
Paul Krugman is a farce from the gitgo.
If this is where REVENUE projections are from, Krugan is being ridiculous. If this is where EXPENDITURE projections are from, Krugman is dead on.
In the former case, what would REALLY happen is that the labor pool would expand, as certain members from the following groups would be enticed back to work: retirees, stay-at-home moms, frustrated jobseekers, etc. (Let’s hope he’s not counting on increased immigration). IN this case, “unemployment rate” really means “100-(workers/workforce*100)”, and not any real unemployment rate.
From the above link...p28...
Consistent with the principles enshrined in America’s founding documents, “the pursuit of happiness” depends
upon individual liberty, and individual liberty requires limited government. When government takes on too many
tasks, it usually does not do any of them very well. It’s no coincidence that trust in government is at an all-time
low now that the size of government is at an all-time high.
This budget seeks to recommit the federal government to the security of every person’s natural right to life,
liberty and the pursuit of happiness. By curbing the excesses of government, a responsible, sustainable budget can focus government on its critical responsibilities.
HOORAY Paul Ryan!
Defund all collectives.
Krugman and the Lefties are counting on the Illegals being legalized. And lots of anchor babies.
The Largest AMERICAN population Baby Boomers are beginning to leave the workforce.
If the illegal problem is solved Ryan is right.
But as usual with the mental midgets like Krugman, they NEVER consider the fact that Americans are sick and tired of the invasion.
That is exactly right. Even if unemployment were 6%, the labor pool will be much bigger.. and if he’s assuming that’s expanded tax revenue, hes right. Thanks for making the point.
Any and all plans projecting out more than 2 months should be used in the Loo. They are Looney.
Deport all illegals and force the welfare class to work for food.
“As Paul Krugman points out, the only time we’ve been at this level was briefly, during the Korean War.”
I take that as an admission that Eisenhower was one of the greatest Presidents of the 20th Century.
Oh, you must know of or have something different and better to offer, then. (and no, Superman flying around the world and taking us back in time to that Constitutional Camelot of 1776 doesn't count).
Please, do tell. Otherwise, how about you and your fellow travelers in the We're Doomed Parade take your show elsewhere. You've crapped on enough threads for one day.
It is important to post articles with opposing viewpoints. Posting isn’t endorsing.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.