Time for more tax cuts!Follow

And for the top wage earners, no less! Because 8 years of tax cuts on the wealthy where median incomes decreased during economic growth was too good to stop.

Curious though, where's the money coming from? We're already at the debt ceiling.

Here's the article snippet for those too lazy to click the link:

It's essentially a retread of the Ryan budget with the toxic Medicare provisions pulled out and repackaged as a "jobs/taxes" bill.

Given that Ryan's plan was based on ridiculous economic assumptions such as 6.4% unemployment by 2012 (and 2.6% by 2021!) and $89 billion in new 2012 residential home development, it's impossible to take it seriously now. Despite the relabeling, does anyone else see an issue with a "jobs" bill that relies on a nearly 3pt drop in unemployment before it can be solvent?

So you do or don't have an issue with Ryan's numbers?

Following his wording and likely sarcasm, he seems to dislike both.

If nothing else, nothing at all, it is a holistic approach to limiting the exposure of the American taxpayer to continued unrealistic growth in the federal budget and the consequences there of, which is something the President and Democrat controlled congress failed to put forth during the time they had. It is the beginning of a conversation in more than abstract terms. The assumptions behind the numbers have huge flaws, but at least they're on paper and being voted on. At least they are a starting point for the process to move forward. I agree with Newt Gingrich on it: there are serious flaws, but it's a good first effort.

The President could have put forth his plan at any time. It could have included recommendations from his blue ribbon deficit commission. He'd rather not lead, though, because he's out of his depth.

This X100. While some of the numbers in Ryan's plan are pretty speculative, the overall direction isn't wholly dependent on them. Also, the plan itself at least has the virtue of putting in place policies that will help those numbers occur (or at least come close). Let's not forget that the Dems recovery plan also relied on some pretty unrealistic numbers. The difference being that their own policies worked against those numbers coming true. The required a massive increase in GDP growth and decrease in unemployment, but continued spending and taxing the whole while. How exactly did they expect those things to happen? Magic fairy dust I guess!

I hope you're embarrassed at having typed that. Granted, it's only Thursday, but that's the stupidest thing you've said this week and that's including your screeds about polling.

Uh oh! You might have a hard time finding the unemployment. Apparently Heritage and the GOP quietly redacted the data after it became a joke:

Here's the original data table before Heritage quietly swept it under the rug.

Paul Ryan's GOP Budget: Not intended to be a factual statement.

Edited, May 26th 2011 3:34pm by Jophiel

The truth of it is you're really not interested in cutting government spending, especially if it comes at the expense of the growth of entitlements, so it's not really a worthwhile conversation to stay involved in.