Krugman: The Republican House Just Passed "The Most Fraudulent Budget in American History"
Paul Krugman's column this week was devoted to pointing out the missteps and idiocies in the Paul Ryan budget passed by House Republicans last week, and he pulled no punches:
The trouble with the budget devised by Paul Ryan, the chairman of the House Budget Committee, isn’t just its almost inconceivably cruel priorities, the way it slashes taxes for corporations and the rich while drastically cutting food and medical aid to the needy. Even aside from all that, the Ryan budget purports to reduce the deficit — but the alleged deficit reduction depends on the completely unsupported assertion that trillions of dollars in revenue can be found by closing tax loopholes. [..]
So what are we to make of this proposal? Mr. Gleckman calls it a “mystery meat budget,” but he’s being unfair to mystery meat. The truth is that the filler modern food manufacturers add to their products may be disgusting — think pink slime — but it nonetheless has nutritional value. Mr. Ryan’s empty promises don’t. You should think of those promises, instead, as a kind of throwback to the 19th century, when unregulated corporations bulked out their bread with plaster of paris and flavored their beer with sulfuric acid.
This is, of course, the budget that Ryan has been promising all along—gutting the poor, protecting the rich, and making budget changes in theory (i.e. closing loopholes) but not actually making the provisions to do so. Krugman is in essence just calling him out again for being full of BS—but the NY Times columnist has got the added benefit of history. And he makes the essential point: this budget will not become law under Obama... but Romney has endorsed it, and would likely sign it were he to win 2012. Shudder. Read the full Krugman column here.