Before this weekend, we didn’t know much about what Mitt Romney’s economic policy would look like. But that’s all changed with the announcement of Wisconsin’s Paul Ryan as his running mate. Ryan’s proposed budget plan has shaken up the race. It would bring deep cuts to health, education, transport and a reconfiguration of income tax.
Ryan would reduce government spending from 24 percent of GDP to 19.8 percent in the space of a decade. This would shave $3.3 trillion off the deficit, even though revenue could plummet by $2 trillion.
James Surowiecki is a journalist with The New Yorker.
Comments [6]
No mention that nobody over 55 would be impacted or that Medicare will go broke for everyone if nothing is done to reform it. What would the nation look like if Obama gets to impose his policies that have spent five trillion dollars with little to show for it.
Enough with the mendacious distortions and deliberate omissions which insult the intelligence of the audience.
At least this segment was not edited.
Please sign this petition. I am incredibly frustrated with WESA (Pittsburgh public radio) and their decision to slash their diverse, intelligent and interesting news programming. It may be cost saving, but it's not journalism. They have cut The Takeaway, Tell Me More and On Point.
http://www.change.org/petitions/keep-on-point-tell-me-more-and-the-takeaway
First, I try to listen to information about the Ryan budget and I get something about fonts. That's no good; please fix it.
Second, in response to Charles' comments about lower marginal tax rates growing economies, where pray tell is the evidence? Abysmal as job growth has been under Mr. Obama, he already has presided over more job creation than George W. Bush, the tax cutter. And how did Bill Clinton create prosperity with higher taxes if marginal rates are so all fired important? My answer is, they're not.
I have no idea what Eddie Boyd Jr. might be talking about, but The New Yorker (as all of its regular readers know) is a reliably left-leaning magazine and has made a business out of routinely harsh criticism of Republicans.
James Surowiecki may be a "journalist," but he is hardly a regular beat reporter. Like his colleagues at the New Yorker, he specializes in lengthy profiles with plenty of viewpoint from the author.
And today, public radio has done a "New Yorker Blitz" on Paul Ryan. Surowiekcki here, and Ryan Lizza on NPR's Morning Edition. All New Yorker, all the time. Your 24/7 New Yorker station.
As to the specifics here; Surowiecki gave no credence to the notion that lower marginal tax rates tend to grow economies, and that growing economies are the best way to get long term budget stability. Surowiecki offered a cartoonish portrayal of the Ryan budget and conservtive principles.
If it were a matter of adhering to journalistic standards of balance and/or neutrality, I'd say, "The Takeaway isn't even trying anymore." But I think that The Takeaway really is trying; trying to spin public radio news coverage for the Obama campaign.
Of course, The Takeaway could prove me wrong; it could balance James Surowiecki with an equivalent writer from the National Review or the Weekly Standard. Or someone from the Wall Street Journal's editorial page. But when have you ever done that?
This is the font podcast.
Since when did The Take Away become the PR operation of Mitt Romney?
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