12 1 min 9 yrs

Interesting analysis here of Paul Ryan’s impact on the future of the US economy…

“Put simply, Ryan’s prescription is less government spending, less regulation and lower taxes.

Obama’s brand of medicine instead gives government a greater role in generating growth and shifts more of the burden of reducing the public debt the country has accumulated on to America’s wealthiest.

Republicans certainly believe it clarifies the choice Americans face in just over two months. “I’m very pleased with the nomination because it brings attention to the deficit,” said Ron Haskins, who worked in George W Bush’s administration. “Win or lose, I think the country will benefit from the debate.”

I hope so too. A successful US is good for ALL of us around the world, be it a Dem or GOP President.

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12 thoughts on “CHANGING THE DEBATE?

  1. Put simply, Ryan’s prescription is less government spending, less regulation and lower taxes.

    Yes and and good. But the question is who pays? The lower taxes proposed by Ryan will only benefit the millionaires. A real tax-cutter would propose cutting taxes for the bottom 25% and not the top 1%. But we all know where Ryan’s loyalties lie.

  2. “Put simply, Ryan’s prescription is less government spending …”

    I’m pretty sure it’s not. I think this is a “cut” in the Tory sense, i.e. we’ll spend more but not quite as much as the other lot. Anyway, it’s just wallpapering while the house falls downs. David Stockton sees where it fails:

    In short, Mr. Ryan’s plan is devoid of credible math or hard policy choices. And it couldn’t pass even if Republicans were to take the presidency and both houses of Congress. Mr. Romney and Mr. Ryan have no plan to take on Wall Street, the Fed, the military-industrial complex, social insurance or the nation’s fiscal calamity and no plan to revive capitalist prosperity — just empty sermons.

  3. Still locked in the bankers’ fake left/right paradigm, David? Surely the lesson of Iceland must be getting through:


    So in summary of the Icelandic revolution:
    -resignation of the whole government
    -nationalization of the bank.
    -referendum so that the people can decide over the economic decisions.
    -incarcerating the responsible parties
    -rewriting of the constitution by its people

    Have we been informed of this through the media?
    Has any political program in radio or TV commented on this?
    The Icelandic people have been able to show that there is a way to beat the system and has given a democracy lesson to the world. –

  4. The bottom 25 pct don’t pay any federal income tax now Peter.

    That is part of the problem

    A big part

  5. an idiot and two maroons…

    Forget it Phantom we may disagree, but they don’t even comprehend

  6. Troll,

    Only as far as it makes you seem so – delusional! in that you think you are but one of a select few who understands national and global economics, when it is obvious that you are not.

    Your comment above hardly spreads the gospel on sound economics does it, – face it, – you just like being abusive! – anything better than an adult debate eh?

  7. I don’t believe I am one of a select few, I merely point out though how clueless you foreigners are about the US.

    seems I hit a nerve

  8. Troll – you point out that Wall street’s man at ATW lives in a bubble – and he really does – yet you claim to “comprehend”. Why don’t you tell us what you and Phantom comprehend? I ask because I like to see the basis of the opinion(s) of the opponent(s) of the moment. There have been occasions when my opinion has been changed so, what’s the basis?

  9. Troll –

    I say that government spending will rise under Romney/Ryan.

    Do you disagree?

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