Garm wrote:Ryan's budget is a terrible thing that cuts services to the poor, raises military spending, and cuts taxes on the rich (paid for by those spending cuts). It pushes deficit closure out another three decades compared to the baseline of doing absofuckinglutely nothing (which, of course, means allowing all the Bush tax cuts to sunset).
Will Obama allow the Bush tax cuts to sunset? He didn't when he had a Democratic House and Senate, so won't this be an issue where both candidates sit on the same (wrong) side of the issue?
It really doesn't matter how terrible the Ryan budget is, in that the main point raised by the GOP will be that it balances the budget. The narrative will be that Obama's budget is like a freight train headed for a cliff (supported by the fact that he's spent more in 3 years than Bush did in 8
), and if we don't take drastic measures the economy will a-splode, or something. Obama will not counter with less terrible cuts, but rather with another mega-huge budget, which he will claim will really, for sure, solve the recession this time. He'll probably make up a new word for it too, like econo-covery, now that stimulus is out of style.