Wednesday, August 15, 2012

VIDEO: Paul Ryan Reform Plan Contingent On Unrealistic Economic Growth

RT newshottie Lauren Lyster recently grilled libertarian investor and fellow Seeking Alpha colleague Karl Denninger about the key problems with Paul Ryan's plan for fiscal reform. Among other things, Denninger pointed out that Ryan's plan assumes the economy will grow at a rate of 5% for the next 20 years with no recessions, a sustained economic boom the likes of which have never been seen in the United States. It's important to note that the Clinton administration used a bogus 5% growth/no recession projection to claim that Slick Willie's budget would eliminate the federal deficit by 2010.

Interview begins at 07:35. Part about unrealistic economic growth begins at 09:15.


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