Ryan's Plan Is a Deficit-Hiking 'Con Game'
Paul Krugman: He's 'style over substance'
By Matt Cantor, Newser User
Posted Aug 20, 2012 12:05 PM CDT
FILE - In this Aug. 16, 2012 file photo, Republican vice presidential candidate Rep. Paul Ryan, R-Wis. speaks at a campaign stop at Walsh University in North Canton, Ohio. Democrats are eagerly renewing...   (AP Photo/Phil Long, File)

(Newser) – Paul Ryan is a media darling: Pundits can't stop praising his "seriousness." But the truth is that "Ryanomics is and always has been a con game," scoffs Paul Krugman in the New York Times. Ryan claims to be a deficit-slasher, but let's crunch the numbers: His tax cuts would mean $4.3 trillion in revenue losses; his Medicaid and food stamp cuts would save no more than $1 trillion, while his Medicare plan would save some $716 billion. The result: About $2.5 trillion added to the deficit.

Ryan suggests he'd make up for this with a set of cuts he hasn't revealed. "If this sounds like a joke, that’s because it is," Krugman notes. "Yet Mr. Ryan’s 'plan' has been treated with great respect in Washington." That's because Beltway insiders call Medicare and Social Security cuts "fiscal responsibility." Plus, "self-proclaimed centrists" who want to show off their centrism have chosen Ryan, who can "talk a good game," as a hero. In short, it's "style over substance." Click for Krugman's full column.

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Showing 3 of 120 comments
Caps
Aug 22, 2012 2:39 PM CDT
Romney and Ryan are Con artist.
LarryG
Aug 21, 2012 8:56 AM CDT
Ryan voted for every Bush request that spent taxpayer money without being funded, throwing us in financial debt that we may never recover from, gave humongeous tax breaks to the rich without being paid for,,,now he's a fiscal conservative worried about the debt? he needs to explain his turnaround....hes a hipocrite,,,,and if he gets in, more tax breaks for the rich and kicking the middle class into oblivian with his crazy budget plan,,,
paul123
Aug 20, 2012 6:28 PM CDT
Obama's plan is a deficit-hiking con game. There. I fixed the headline.