You guys, Paul Ryan wants to fill you with fear and dread (hint: vote Republican!)
Ryan argues that the 2008 crash caught policymakers “by surprise,” but he sees another one on the way.
“Let me ask you a question: what if your president, your senator and your congressman knew it was coming? What if they knew when it was going to happen, why it was going to happen, and more importantly, what if they knew what they needed to do to stop it from happening and they had the time to stop it? But they chose to do nothing about it, because it wasn’t good politics?
“What would you think of that person? It would be immoral. This coming debt crisis is the most predictable crisis we’ve ever had in this country…
Steve Benen yawns,
The political motivations for all of this are pretty obvious: Ryan’s plan is going to recommend brutal cuts to domestic programs, and will do his best to say the slashes are necessary because of the “coming debt crisis.” For the Ayn Rand acolyte, these aren’t cuts he wants to make, but rather, they’re cuts he thinks he has to make to prevent a debt-driven disaster.
Or so the argument goes.
[...] First, there is no debt crisis. The United States can easily borrow as much as it needs at low interest rates, suggesting there’s nothing even close to a debt crisis. This is a fig leaf the right is using to rationalize draconian cut to domestic priorities, which they’ve long wanted to make anyway.
Second, if Paul Ryan and his allies were seriously panicked about reducing the deficit in a hurry to prevent a “crisis,” they’d consider modest tax increases on the wealthy. Indeed, we know exactly what’s driving the national debt, and much of it has to do with tax cuts the rich didn’t need and the country couldn’t afford. When Ryan acknowledges this, he’ll start to have some credibility on the issue.
And third, for all of Ryan’s alleged fear about the debt, his last budget plan ignored deficit reduction altogether, and instead prioritized more tax breaks for those at the very top.
Funny, these relevant details didn’t seem to make the cut of Ryan’s little video. What a shame.
Plus, Ryan’s special effects suck. What kind of lame theatrical trailer is this?