The Fantasy Of Paul Ryan, Ctd

Aug 6 2012 @ 4:37pm

by Gwynn Guilford and Patrick Appel

Jared Bernstein's reflects on Paul Ryan's fiscal messiah posturing – which Andrew touched on last week. Bernstein unfurls the unspectacular success rate of the supply-side tax cuts Ryan champions:

[I]in real life, the government will continue to play a larger role in our lives than the plans imply, the unspecified loopholes will turn out to be both politically unassailable and not large enough to offset the tax cuts (PDF),* and thus the deficit will only grow larger, as it has under other Republicans, like Reagan and GW Bush, who proclaimed similar visions of limited government and trickle down.

Meanwhile, Stephen Hayes and Bill Kristol argue that Ryan's budgetary expertise, such as it is, makes him a compelling VP pick:

[P]utting Ryan on the ticket would ensure that the presidential race is a contest of ideas, not just personalities. In a country where conservatives outnumber liberals two-to-one and where President Obama is thought to be more likable than Mitt Romney by huge margins (+30 according toUSA Today/Gallup, +38 in the Washington Post/ABC poll), this strikes us as a good idea. Of course Democrats will demagogue the entitlement reform proposals in Ryan’s budget. But they’re going to do that anyway. Romney and Republicans already own those reforms—97 percent of congressional Republicans voted for them, and Romney has embraced them without much qualification.

Pareene begs to differ:

The Obama administration cackles with glee imagining the opportunity to explain the contents of the Ryan budget to moderate voters. Ayn Rand starts showing up in Democratic attack ads if Paul Ryan is the running mate.

Past Dish coverage on Ryan here, here, here, here and here.