WA Post: For some time now, liberal writers have warned that a full GOP takeover of Congress will lead to a return of “voodoo” economics. The basic idea is that Republicans might use their clout to prevail upon budget scorekeepers to use “dynamic scoring,” which takes into account the macro-economic payoff in revenues in judging the impact of a tax proposal.
After dropping hints in this direction, Rep. Paul Ryan, the new chairman of the House Ways and Means Committee, has now basically confirmed that this is the game plan.
Ryan’s goal is to slash high end taxes and to balance the budget in 10 years. He says he’ll make up the lost revenues by closing some loopholes, but “dynamic scoring” is also a crucial piece of this puzzle. Liberals warn that “dynamic scoring” should only be used in limited ways, because its accuracy is very uncertain, but conservatives like it because it allows them to claim tax cuts will produce more revenue from economic growth, reducing the need for the hard choices required to make up that revenue in the plan itself.
Wednesday, December 3, 2014
Paul Ryan plans to run up the deficit and crash the economy, again
I thought Paul Ryan was the boy in charge of running up the deficit, causing inflation and crashing the economy under lil Bush. So, how did the Republican Communist party put the same economy crashing politician on the job again? One would they they would at least try and fake their plan to run up the deficit, make huge central government and crash the economy. Its the Republican Communist Party, the same party that brought you the two worst crashes since 1980. Take a look, almost every recession since 1980 was caused by the Republican Communist party. A habit started by the Great Communist, Ronald Reagan.
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