Contributors

Monday, April 09, 2012

I Should Start Charging Copyright Fees

Well, now Krugman has hopped on the "Cult" bandwagon.

what’s interesting is the cult that has grown up around Mr. Ryan — and in particular the way self-proclaimed centrists elevated him into an icon of fiscal responsibility, and even now can’t seem to let go of their fantasy. 

The Ryan cult was very much on display last week, after President Obama said the obvious: the latest Republican budget proposal, a proposal that Mitt Romney has avidly embraced, is a “Trojan horse” — that is, it is essentially a fraud. “Disguised as deficit reduction plans, it is really an attempt to impose a radical vision on our country.” 

I should start charging copyright fees.

The rest of his column is quite informative, though.

The reaction from many commentators was a howl of outrage. The president was being rude; he was being partisan; he was being a big meanie. Yet what he said about the Ryan proposal was completely accurate. Actually, there are many problems with that proposal. But you can get the gist if you understand two numbers: $4.6 trillion and 14 million..

So, what do those two numbers mean?

Of these, $4.6 trillion is the revenue cost over the next decade of the tax cuts embodied in the plan, as estimated by the nonpartisan Tax Policy Center. These cuts — which are, by the way, cuts over and above those involved in making the Bush tax cuts permanent — would disproportionately benefit the wealthy, with the average member of the top 1 percent receiving a tax break of $238,000 a year.

Gosh I'm shocked.

What about the 14 million?

Meanwhile, 14 million is a minimum estimate of the number of Americans who would lose health insurance under Mr. Ryan’s proposed cuts in Medicaid; estimates by the Urban Institute actually put the number at between 14 million and 27 million.

And that would be why I say that Paul Ryan's budget isn't serious. Of course, he can continue to throw out these sorts of dog whistles because he knows that they will never actually be implemented.

It's fine and dandy to play make believe but when you actually have to govern...well...that's a different story.

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