-Submitted by David Durmm (Nal), Guest Blogger

Although Rep. Paul Ryan (R-WI) had initially received praise for his budget proposal, upon more careful analysis, many, like Nobel laureate Paul Krugman, have found it to be Ludicrous and Cruel. A principal feature of his budget is tax cuts for the wealthy, from 35 percent to 25 percent. But not to worry, remember that tax cuts magically pay for themselves. Phase 1, cut taxes for the wealthy. Phase 2, ? Phase 3, prosperity.
Rep. Ryan’s budget relies on economic forecasts provided by the Heritage Foundation showing an unemployment rate of 2.8% by 2021. This seems like déjà vu all over again.
Continue reading “Rep. Ryan’s “Path to Prosperity (For the Wealthy)””












