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Nobel Prize Winner: There’s a Bigger Con Man in DC Than Donald Trump


Nobel Prize winning economist Paul Krugman thinks there is a far bigger con man working the Washington system than President Donald Trump: Speaker of the House Paul Ryan.

Writing for the New York Times, Krugman said the following about Paul Ryan after the failed attempt to repeal and replace Obamacare:
“He claims that it would lower premiums; it would actually increase them. He claims that it would end the Obamacare death spiral; there isn’t a death spiral, and his plan would be more, not less, vulnerable to a vicious circle of rising premiums and falling enrollment. He claims that it would lead to ‘patient-centered care’; whatever that is supposed to mean, it would actually do nothing to increase choice.”

And on Ryan’s plan for America’s tax system:

“The alleged deficit reduction came entirely from ‘magic asterisks’: claims about huge savings to be achieved by cutting unspecified government spending, huge revenue increases to be achieved by closing unspecified government spending, huge revenue increases to be achieved by closing unspecified tax loopholes. It was a con job all the way.”

Krugman then asks why anyone would actually take Ryan seriously, then answers the question himself:

“The alleged deficit reduction came entirely from ‘magic asterisks’: claims about huge savings to be achieved by cutting unspecified government spending, huge revenue increases to be achieved by closing unspecified government spending, huge revenue increases to be achieved by closing unspecified tax loopholes. It was a con job all the way.”

America is about to pay the price for electing Donald Trump, and that price isn’t Donald Trump himself, it’s Trump allowing Paul Ryan to write his policies.  This is clearly not going to end well.


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