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Business Insider: This Is The Most Laughable Aspect Of Paul Ryan's Budget Plan
Business Insider ^ | 04/05/2011 | Joe Weisenthal

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 ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: budget; deficit; fauxplan; pathtoprosperity; paulryan; paulryanbudget; ryan; smokeandmirrors; unemployment
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To: Marty62

There is a way of looking at the world that makes no sense. A bit like a Roman in the 5th Century looking at the men who sacked Rome as the saviors of Rome. Ironically, they were, but only over the course of an thousands years.


41 posted on 04/05/2011 7:53:39 PM PDT by RobbyS (Pray with the suffering souls.)
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To: freeandfreezing

Right, but you have to start with some number. I have to feel at an existential level what Dennis Praeger said about Roe. It had destroyed the nation we were and might have continued to be. Just like the Great War destroyed England.


42 posted on 04/05/2011 8:00:02 PM PDT by RobbyS (Pray with the suffering souls.)
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To: kabar

Freeze this. Cap that. Attrition. Slow the *growth* of government. And on and on and on.
It’s the same old BS while kicking the can down the road.

Sorry I don’t have time to share with you more, but if this is what Republicans think of as “Bold” we’re screwed.

IF you think this opinion makes me sound liberal, so be it.

Gotta run.


43 posted on 04/05/2011 8:06:49 PM PDT by calcowgirl ("Sapere Aude!" --Immanuel Kant)
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To: calcowgirl
Freeze this. Cap that. Attrition. Slow the *growth* of government. And on and on and on. It’s the same old BS while kicking the can down the road.

Just as I figured, you didn't read it.

44 posted on 04/05/2011 8:44:19 PM PDT by kabar
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To: RobbyS

I doubt if Ryan is trying to sack Washington. I think he really is concerned about the future of the U.S.

I wish Americans would remember the old saying: “What the Government gives, the Government can take away”

I think everyone is going to learn that lesson very soon.

However, I want the Repubs to go after the Alpabet agencies that have long ago either become irrelevent, or have over stepped their bounds.


45 posted on 04/05/2011 8:53:23 PM PDT by Marty62 (Marty60)
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To: Marty62

The Vandals are in the White House.


46 posted on 04/05/2011 9:02:00 PM PDT by RobbyS (Pray with the suffering souls.)
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To: Frantzie

Even a broken clock is right twice a day. Getting unemployment to 2.8% is, frankly, impossible. At any given time 4.5% to 5% of people are going to be temporarily out of work either because they quit, or were so incompetent that they got fired. No budget can prevent people from being unhappy at work, or crappy at the job they have.
If Ryan’s revenue and spending projections depend on 2.8% unemployment, he is using funny math.


47 posted on 04/05/2011 9:13:24 PM PDT by ChicagoHebrew (.)
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To: kabar

Wrong. It must be you that didn’t read it.

“The reforms called for in this budget aim to slow the federal government’s unsustainable growth, and reflect the
growing frustration of workers across the country at the different set of rules enjoyed by government
employees. It reduces the public-sector bureaucracy, not through layoffs, but via a gradual, sensible attrition
policy, permitting the federal government to hire only one new employee for every three federal workers who
retire. By 2014, this reform would result in a 10 percent reduction in the federal workforce.”

Blah, blah, blah.


48 posted on 04/05/2011 9:21:14 PM PDT by calcowgirl ("Sapere Aude!" --Immanuel Kant)
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To: Hawk1976

The Demoncrats and Media will make mincemeat of it with the entitlement class voters. There may not be enough taxpaying voters left to stop the madness. We will go the way of Cuba.


49 posted on 04/06/2011 2:49:38 AM PDT by screaminsunshine (Obama Sucks)
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To: RobbyS

“The Vandals are in the White House.”

SOOOOOOOOOOOOOOOOOOOOOo TRUE!


50 posted on 04/06/2011 5:53:07 AM PDT by Marty62 (Marty60)
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To: SeekAndFind; All

Look, 2028 is 17 years away. If Krugman wants to mock that, he ought to come up with his own numbers—which will also be mocked.

Why not, instead, mock BO’s piss poor prediction of UE below 8% when HIS window was only a year and a half? And it cost $1 Trillion in “stimulus”?!

Ryan’s vision, bottom line, is of a smaller federal footprint in our lives. And that is better than anything Krugman or BO has proposed. Ever.


51 posted on 04/06/2011 6:37:59 AM PDT by SoFloFreeper
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To: calcowgirl

KEY FACTS

SPENDING

Cuts $6.2 trillion in government spending over the next decade compared to the President’s budget, and
$5.8 trillion relative to the current-policy baseline.

Eliminates hundreds of duplicative programs, reflects the ban on earmarks, and curbs corporate welfare
bringing non-security discretionary spending to below 2008 levels.

Brings government spending to below 20 percent of the economy, a sharp contrast to the President’s
budget, in which spending never falls below 23 percent of GDP over the next decade.

DEBT AND DEFICITS

Reduces deficits by $4.4 trillion compared to the President’s budget over the next decade.

Surpasses the President’s low benchmark of sustainability – which his own budget fails to meet –
by reaching primary balance in 2015.

Puts the budget on the path to balance and pays off the debt.

TAXES

Keeps taxes low so the economy can grow. Eliminates roughly $800 billion in tax increases imposed by
the President’s health care law. Prevents the $1.5 trillion tax increase called for in the President’s budget.

Calls for a simpler, less burdensome tax code for households and small businesses. Lowers tax rates for
individuals, businesses and families. Sets top rates for individuals and businesses at 25 percent. Improves
incentives for growth, savings, and investment.

GROWTH AND JOBS

Creates nearly 1 million new private-sector jobs next year, brings the unemployment rate down to 4
percent by 2015, and results in 2.5 million additional private-sector jobs in the last year of the decade.

Spurs economic growth, increasing real GDP by $1.5 trillion over the decade.

Unleashes prosperity and economic security, yielding $1.1 trillion in higher wages and an average $1,000
per year in higher income for each family.


52 posted on 04/06/2011 7:26:47 AM PDT by kabar
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To: kabar

Scrutinize the statements, then do the real math. It doesn’t add up. Overall, it’s weak.
It sounds good on the surface but the details don’t match the rhetoric.

Don’t get me wrong — it’s better than any Democrat would ever put forward.
But overall, it is a disappointment, especially given all the hype (”Path to Prosperity”? LOL).

By the time Congress “compromises” to get agreement on the budget, we’ll be on the same Obama path to destruction.


53 posted on 04/06/2011 9:35:29 AM PDT by calcowgirl ("Sapere Aude!" --Immanuel Kant)
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To: calcowgirl
The CBO scored it and Heritage analyzed it.

Heritage--Morning Bell: Chairman Ryan’s Budget Resolution Changes America’s Course

The analysis

Economic Analysis of the House Budget Resolution by the Center for Data Analysis at The Heritage Foundation--Congressman Paul Ryan (R-WI), chairman of the Committee on the Budget of the U.S. House of Representatives, requested by letter that the Center for Data Analysis (CDA) undertake an economic analysis of the House Budget Resolution for federal fiscal year 2012 through 2021.1 The Chairman specifically asked the CDA to perform conventional and dynamic budget analysis, or analysis that is based on largely ―static‖ budget models and on economic models with dynamic economic properties. These economic models estimate the likely effects of policy change on the major components of economic activity—supply of resources, prices, demographic change, and so forth—which might affect federal fiscal results through revenues and outlay costs. This report summarizes the results of the CDA’s analysis of the House Budget Resolution using these models.

54 posted on 04/06/2011 9:43:02 AM PDT by kabar
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