Monday, April 11, 2011

Quote of the Day

People like me don’t say that the Ryan plan is too radical; we say that it’s a fraud. The spending cuts are largely fake, either because they’re just magic asterisks or because they wouldn’t survive politically; the revenue estimates are fake, because they combine huge tax cuts with vague assurances that extra revenue will be found by closing loopholes. There’s no there there — except for big tax cuts for the rich and pain for the poor.
All I can think here is that reporters are so deep into the Beltway conventional wisdom that this is a Bold, Serious Plan that they just tune out the people saying that no, it’s not.
~Paul Krugman on non-serious reporting on the Paul Ryan budget plan

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