The Political Junkie offers an outside-looking- in view of the US. Each day, we will highlight news and opinion pieces from around the world that are focused on US politics and policy. Agree or disagree with the opinions you will read but take a few minutes to see yourselves as others see you.
International edition NYT: Nobel-Prize winner in economics looks at the Ryan/Romney budget
The International Herald Tribune
An Unserious Man
But he isn’t and they don’t. Ryanomics is and always has been a con
game, although to be fair, it has become even more of a con since Mr.
Ryan joined the ticket.
Let’s talk about what’s actually in the Ryan plan, and let’s distinguish
in particular between actual, specific policy proposals and unsupported
assertions. To focus things a bit more, let’s talk — as most budget
discussions do — about what’s supposed to happen over the next 10 years.
On the tax side, Mr. Ryan proposes big cuts in tax rates on top income
brackets and corporations. He has tried to dodge the normal process in
which tax proposals are “scored” by independent auditors, but the
nonpartisan Tax Policy Center has done the math, and the revenue loss
from these cuts comes to $4.3 trillion over the next decade.