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jps jps is offline
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Default Reagan economist fan of Ryan Budget


Well, not so much...

David Stockman, a former budget director under President Ronald
Reagan, derided the budget plan of Mitt Romney’s vice presidential
pick in an op-ed in The New York Times Tuesday.

“Mr. Ryan’s sonorous campaign rhetoric about shrinking Big Government
and giving tax cuts to 'job creators' (read: the top 2 percent) will
do nothing to reverse the nation’s economic decline and arrest its
fiscal collapse,” Stockman wrote in the op-ed, later adding: “Mr.
Ryan’s plan is devoid of credible math or hard policy choices.”

Stockman, who resigned in 1985 in protest over deficit spending, has
added his voice to a chorus of economists criticizing Ryan’s "Path to
Prosperity," which would give tax cuts to the wealthy while slashing
funding for programs like Medicaid, Medicare and food stamps, all in
the name of reducing the national debt.
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