Friday, April 15, 2011

The Obama "Plan" Panned

Charles the K cuts through the bull, that was the president's speech:
The most serious charge against Rep. Paul Ryan's budget is not the risible claim, made most prominently by President Obama in his George Washington University address, that it would "sacrifice the America we believe in." The serious charge is that the Ryan plan fails by its own standards: Because it only cuts spending without raising taxes, it accumulates trillions of debt and doesn't balance the budget until the 2030s. If the debt is such a national emergency, they say, Ryan never really gets you there from here.

But the critics miss the point. You can't get there from here without Ryan's plan. It's the essential element. Of course Ryan is not going to propose tax increases. You don't need Republicans for that. That's what Democrats do. The president's speech was a prose poem to higher taxes – with every allusion to spending cuts guarded by a phalanx of impenetrable caveats.

4 Comments:

Blogger /mr said...

Shorter Crazy Chuckles: It is not a criticism of the Ryan plan to say that it won’t decrease the deficit without tax increases opposed by Ryan, myself and all the other Republicans. This is because the Democrats will pass those tax increases anyway.

Yeah! Thinking is so hard. That's why I read Spencerblog!

April 18, 2011 at 12:21 PM 
Blogger Spencerblog said...

And we love having you.

One question, as a financial advisor, do you lecture your clients they should be paying more in taxes? Or do you find ways to have them pay their "fair" share without bothering them?

April 19, 2011 at 10:15 AM 
Blogger /mr said...

Well, as Americans are paying taxes at the lowest effective rate since 1950, the topic doesn't come up much.

April 19, 2011 at 12:06 PM 
Blogger Spencerblog said...

You should give them the option to be better Americans and pay more.

No doubt they will jump at the chance.

April 20, 2011 at 9:19 AM 

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