How is this a good read? It’s not a good read, it’s a long line of lies, half-truths, and misrepresentations, all in accordance with the current party line (that Obama is a big spender and he’s to blame for the deficit and the “disappearing dollar”), starting with the part where they call Ryan’s thoroughly-debunked vile fantasy a plan.
I don’t have much interest in pointing out all the lies and half-truths, but I’ll point out just one.
“As a general principle, whatever the tax rates, the Treasury can never take in more than about 19 percent.”
Aside from the obvious question, how could this claim possibly be true in the world where every single developed country except us, with possible exceptions of Canada and Japan, routinely takes in more than 19 percent of GDP (in Germany in 2008, for example, federal receipts were 39% of GDP), last time this government did not have a budget deficit (during Clinton’s second term), Treasury receipts were between 20% and 20.5% of GDP most of the time.
Today it’s 16.5% of GDP. Talk about big government! What happened? Obviously two things: Bush tax cuts and the recession.
And these people ridicule and vilify Obama because he expects the recession to end and he wants to roll back some of the Bush tax cuts.
