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Comparing the Ryan and Obama deficits to Bowles-Simpson
Keith Hennessey Blog ^ | 3/22/2012 | Keith Hennessey

Posted on 03/23/2012 9:54:29 AM PDT by PhxRising

Here is the series so far:



TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: paulryan; presidentobama
This is the 4th article in a series by Keith Hennessey, the senior White House economic advisor to President George W. Bush. You can read more at Keith's blog here
1 posted on 03/23/2012 9:54:47 AM PDT by PhxRising
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To: PhxRising

“Lower deficits” means increasing debt. There is no gradual step by step road to solvency. You either do what is necessary all at once or it does not get done at all. The system is maintained by politicians all of whom fear they would lose their gravy trains if they vote against some special dependent constituency. Every plan that extends beyond THIS YEAR is a phony plan because the Congress cannot bind even themselves beyond the present term. There is no salvation sort of massive failure including a failure of the executive to use the economic failure to grab and consolidate total political control.


2 posted on 03/23/2012 3:46:02 PM PDT by arthurus (Read Hazlitt's "Economics In One Lesson.")
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