James Pethokoukis

Politics and policy from inside Washington

The anti-Paul Ryan plan

April 12, 2011

The Congressional Progressive Caucus has finally released its response to Rep. Paul Ryan’s Path to Prosperity.  ”The People’s Budget”  is almost like a parody of a liberal Democratic plan. It proposes raising taxes by $4 trillion over ten years and cutting spending (mostly defense) by $900 billion. (Ryan would cut spending by $6 trillion.) It would take tax revenue as a share of GDP to 22.3 percent vs. a previous all-time high of 20.9 percent in World War Two. Even worse, the plan only goes out a decade since its tax hikes still wouldn’t balance the budget long-term because it ignores healthcare reform.

CPC

Comments

If ”The People’s Budget” is a parody of a liberal Democratic plan, then the “Path to Prosperity” is a parody of “Atlas Shrugged”, a poorly written work of fiction that Paul Ryan has read too many times.

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