Paul Ryan’s Budget Plan: “Unrealistic,” “Off the Deep End”

That description didn’t come from some bleeding heart liberal who wants to take America down the slippery slope to socialism. It’s from David Stockman, the chief architect of Reagonomics thirty years ago.

If David Stockman says you’re unrealistic and too far to the right — as Seth Meyers once said, “That’s like the president of the chess club calling YOU a nerd.”

Stockman said:

“It doesn't address in any serious or courageous way the issue of the near and medium-term deficit. I think the biggest problem is revenues. It is simply unrealistic to say that raising revenue isn't part of the solution. It's a measure of how far off the deep end Republicans have gone with this religious catechism about taxes.”

He added:

“It's kind of a pitiful commentary on our state of fiscal malgovernance when you consider the two leaders that we have that are trying to face down this issue. One of them is so ready to compromise that he folds faster than a lawnchair (that's Obama). And the other is ready to sob at the drop of a hat.”

Two other conservative economists — Doug Holtz-Eakin and Tyler Cowen — have also lashed out at Paul Ryan’s budget “plan” (using the term loosely).

Meanwhile, we really do have a huge budget deficit that’s getting worse and worse. Isn’t there someplace where we could cut spending? Hmmm…Let’s see…