Paul Krugman: Paul Ryan's Budget Is 'A Path To Continued Depression'

[Bill USA]

http://www.huffingtonpost.com/2013/03/13/paul-krugman-paul-ryan_n_2867997.html?utm_hp_ref=business

Paul Ryan's budget plan promises to "help grow our economy today." Paul Krugman says that's rubbish.

The Nobel Prize-winning economist and New York Times columnist wrote in a blog post Wednesday that Ryan's latest budget proposal would hurt the economy by slashing government spending, including repealing Obamacare's health insurance expansion.

"This particular 'Path to Prosperity' is, in the short to medium term, very much a path to continued depression," Krugman wrote. "Luckily it isn't going to happen."

Ryan's proposal, which would cut the budget by $4.6 trillion over 10 years, slashes funding for government programs that help the poor, like Medicaid. Though the plan is unlikely to become law, if it were implemented, it would shrink the U.S. economy and eliminate 2 million jobs in 2014 alone, according to an analysis by the left-leaning Economic Policy Institute.
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[Myrina]

1. If people can't look at the Dow, CEO salaries and corporate profit margins

.... and realize that the economy is 'growing' -- but just not for us average schmucks -- & that all the 'growth' is being gobbled up by the Billionaire Boys' Club at the top & flat out REFUSE to buy into Lyan's BS plan, then they're just too fucking stupid for words.