By Dan Kennedy • The press, politics, technology, culture and other passions

There is no deficit crisis

David Leonhardt explains it as simply and clearly as I’ve seen.

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1 Comment

  1. Aaron Read

    Jon Stewart touched on this same topic, and in his usual deftly humorous way, last night with “Ryan’s Private Savings”.

    http://www.thedailyshow.com/watch/tue-april-12-2011/ryan-s-private-savings—republican-deficit-plan?xrs=share_copy

    Basically, if you just let the Bush-era tax cuts expire, you’d achieve about the same level of deficit reduction that Ryan’s plan does. Just without the total dismantling of Medicaid, Medicare and Social Security.

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