jpete wrote:Anyone listening to Romney introducing Ryan?
And the sycophants go WILD!!!
To the immediate issue: Is Paul Ryan the budget-slashing psycho that his detractors will immediately start saying he is? Not hardly. Here's some info about the budget plan he released earlier this year - a plan the GOP House embraced and passed:
The Ryan/congressional GOP budget has been released. As a starting point, consider this: The Ryan plan says that we will spend $3.6 trillion this year while bringing in $2.4 trillion in FY2012. In contrast, President Obama's budget says that we will shell out $3.8 trillion in FY2012 and bring in $2.5 trillion.
In brief, the Ryan plan is not as bad as President's Obama budget, which wants to spend $3.8 trillion in FY2013 and envisions spending $5.8 trillion in FY2022. Over the next 10 years, Obama assumes that federal spending would amount to 22.5 percent of GDP while revenues would average just 19.2 percent of GDP. That ain't no way to run a country.
In this sense, Ryan's plan is slightly better but still doesn't pass the laugh test. He would spend $3.5 trillion in 2013 and $4.9 trillion in 2022 (all figures in the post are in current dollars unless otherwise noted). Spending as an average of GDP would average 20 percent of GDP and revenue would amount to just 18.3 percent
Slowing the rate of destruction is not the same as "fixing the economy".