This guy cannot be taken seriously ever again. Rep. Paul Ryan can't answer the tough questions without injecting ideological theory and fabricated economic outcomes that could only happen in Bizarro World (as seen in Superman comics, where everything means just the opposite).
For ten years the highly touted Bush tax policies have been in place, deregulation has not been reigned in, yet jobs aren't being created and the economy has stalled. So we should make it worse, according to Ryan, by continuing these failed policies?
The Atlantic: Rep. Paul Ryan blasted the Democrats' plan to raise taxes on millionaires … In (an) interview at the Washington Ideas Forum with David Leonhardt of the New York Times, Leonhardt questioned the idea that lowering taxes was a panacea for growth. Taxes increases didn't prevent growth in the 1990s, he said, and tax cuts produced disappointing growth in the 2000s.
In his weakest come-back to date;
Ryan responded that "growth occurs on the margin" and when you raise taxes on work, savings, and investment, you get less work, less savings, and less investment -- and less growth.
On the margin? Does he mean out of sight for the common man, or beyond human understanding?
And finally, let’s put a stake through the heart of the “say it enough and it’s true” BS that taxing work, savings and investments discourages anything…at all. It’s a Paul Ryan lie, used to market voodoo economic snake oil. What is it with the press too?
Leonhardt started with common sense math, and never followed up with a question about the mythical “penalizing success” hokum. Caught in a place called "reality," Ryan actually blamed other factors for the roaring 90’s, factors brought about by Clinton’s tax increase. Doh!
In the 1990s, Ryan added, other factors such as stable interest rates and a productivity boom helped to compensate for higher tax rates on income and capital.
Has it ever been more obvious that Ryan is now just spinning his psycho babble wheels?