Paul Ryan, the head of the House budget committee, is proposing to cut future increases in the deficit from $10.4 trillion to $6.4 trillion—over 10 years. Aside from the typical conservative love of empire and invasions—the Pentagon and its satellite agencies are not touched—anything over 10 years is eyewash. Why not a 100 year plan? All that matters is what is spent or cut or taxed this year. The current congress cannot bind future congresses. I first encountered this multiple-year trick when Phil Gramm had his four-year, balanced-budget plan under the debtaholic Reagan. It was a joke, of course. Again, … Continue reading More Republican Budget Baloney