Tuesday, November 20, 2012

Krugman: "Paul Ryan is a con man"

Word is that Honest John Boehner has tapped former Vice Presidential aspirant Paul Ryan as the House GOP's lead man in "fiscal cliff" negotiations with Democrats. This, of course, is an indication of Boehner's perpetual weakness in dealing with the cranks in his (Tea) Party. I'll defer to The Professor at NYT as a reminder of just how tenuous Rep. Ryan's cred as a "serious person" is:
So now that the Unperson/Ryan ticket has lost, Republicans are clearly expecting Paul Ryan to move right back into his previous role as Washington’s favorite Serious, Honest Conservative.

Via "Sky Dancing"
He might get away with it; but I hope not.

The fact is that Ryan is and always was a fraud. His plan never added up; it was never, contrary to what people who should know better asserted, “scored” by the CBO. What he actually offered was a plan to hurt the poor and reward the rich, actually increasing the deficit along the way, plus magic asterisks that supposedly reduced the debt by means unspecified.

His genius, if you can all it that, was in realizing that there was a role — as I said, that of Honest, Serious Conservative — that self-proclaimed centrists desperately wanted to see filled, so that they could demonstrate their bipartisanship by lavishing praise on the holder of that position. So Ryan did his best to impersonate a budget wonk. It wasn’t a very good impersonation — in fact, he’s pretty bad at budget math. But the “centrists” saw what they wanted to see.

Ryan can’t be ignored, since his party does retain blocking power, and he chairs an important committee. But if he must be dealt with, it should be with no illusions. Fool me once …

"The US doesn't have a spending problem..." - It's the distribution, stupid!

 James Kwak at The Atlantic:
In this season of fiscal silliness, many people are saying that we cannot afford our current entitlement programs. They shake their heads solemnly and say that Social Security and Medicare were well-intentioned ideas, but we simply do not have the money to pay for them and there is no escaping the need for "structural changes."