Pink Slime Economics By PAUL KRUGMAN: the most fraudulent budget in American history
Pink Slime Economics
By PAUL KRUGMAN
Published: April 1, 2012
For on Thursday Republicans in the House of Representatives passed what was surely the most fraudulent budget in American history.
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And when I say fraudulent, I mean just that. The trouble with the budget devised by Paul Ryan, the chairman of the House Budget Committee, isn’t just its almost inconceivably cruel priorities, the way it slashes taxes for corporations and the rich while drastically cutting food and medical aid to the needy. Even aside from all that, the Ryan budget purports to reduce the deficit — but the alleged deficit reduction depends on the completely unsupported assertion that trillions of dollars in revenue can be found by closing tax loopholes.
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..........it nonetheless has nutritional value. Mr. Ryan’s empty promises don’t. You should think of those promises, instead, as a kind of throwback to the 19th century, when unregulated corporations bulked out their bread with plaster of paris and flavored their beer with sulfuric acid.
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So the Ryan budget is a fraud; Mr. Ryan talks loudly about the evils of debt and deficits, but his plan would actually make the deficit bigger even as it inflicted huge pain in the name of deficit reduction. But is his budget really the most fraudulent in American history? Yes, it is.
http://www.nytimes.com/2012/04/02/opinion/krugman-pink-slime-economics.html?_r=1&smid=tw-NytimesKrugman&seid=auto
= new reply since forum marked as read
Good post 
