StanCollender'sCapitalGainsandGames Washington, Wall Street and Everything in Between



Romney/Ryan: Deficit Increasers

14 Aug 2012
Posted by Stan Collender

It was just three weeks ago that I said in a post:

This has to be said as directly as possible...If you care about the federal deficit and national debt, Romney isn't your guy.

That's even more true now that Romney has selected House Budget Committee Chairman Paul Ryan (R-WI) to be his vice president running mate.

Don't take my word for it.

Matt Miller is a straight down the middle analyst and columnist; a Democrat who left OMB during the Clinton administration because he didn't think it was serious enough about the budget.

So, as he did on Sunday, when Matt writes an online column in The Washington Post saying that, contrary to the GOP spin, Ryan isn't a real fiscal conservative, you have to take it seriously.

Here's the money quote from Matt's piece:

A fiscal conservative pays for the government he wants. Ryan never has. His early “Roadmap for America’s Future” didn’t balance the budget until the 2060s and added $60 trillion to the national debt. Ryan’s revised plan, passed by the House in 2011, wouldn’t reach balance until the 2030s while adding $14 trillion in debt. It adds $6 trillion in debt over the next decade alone...

The deficit and debt increases from the Ryan plan are not the result of accounting differences that can be attributed to different baselines, alternative economic outlooks, dynamic scoring or other budget sleights-of-hand. The Ryan budget plan -- the one the House GOP so proudly points to as one of its crowing achievements -- wouldn't reduce the deficit for 20 years and would almost double the U.S. debt during that period.

And remember that not only didn't Ryan support the Bowles-Simpson deficit reduction plan when he was a member of that commission, his opposition was one of the principal reasons the proposal put forward by the two co-chairs didn't move forward and died.

So let me amend the quote from my July 27 post shown above:

Let has to be stated as directly as possible: If you care about the federal deficit and national debt, you should not be voting for Romney/Ryan.

 

But you only have to say you

But you only have to say you "care" about them and that Obama is ruining the country. Facts? Meh. Not so much.


Vs?

And what is Obama's plan? I don't recall seeing one. Simpson/Bowles was thrown under the rug.


The Fibbers

Stan, worse yet, Miller essentially accuses both camps of fibbing, and (as a previous column of his points out) to the detriment of the young. No way out, no matter who wins, it seems.


Simple

And we wonder the USA doesn't rank very high in math, against other countries. It's simple math and the numbers just don't add up. Shameful!!!!




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