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Home Publications Blogs Beat the Press Doesn't Representative Ryan Know that Firing Workers Slows the Economy?

Doesn't Representative Ryan Know that Firing Workers Slows the Economy?

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Thursday, 04 November 2010 05:15

That would have been a reasonable question for the Post to ask him after he said:

"We should not allow any tax increases, period, because it's going to slow the economy down ...If you want to get this deficit down, you need two things: economic growth and spending cuts."

While tax increases in a depressed economy so would firing government workers or other forms of spending cuts. Both actions take money out of people's pockets at a time when the economy desperately needs demand.

Representative Ryan should know this fact, but the quote printed by the Post implies that he doesn't. Since Mr. Ryan is in line to be head of the House Budget Committee this is the sort of gaffe that should draw huge attention. It is about five orders of magnitude more important than the sort of comments (e.g. then Senator Obama's reference to "bitter" working class whites in the campaign) that tend to draw attention in the media.

Comments (8)Add Comment
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written by fuller schmidt, November 04, 2010 5:50
Dean, you didn't write the phrase "would slow the economy" where you meant to in your second paragraph.
Slow Down
written by James Allen, November 04, 2010 7:24
Type a little slower. I know you are probably angry when you type most of these "Beat Down" posts. But I've seen a recent spelling error and now this.

I like your posts, but if I want to forward this link to other people who don't know you, they will react with skepticism.
Paulsian Economics
written by izzatzo, November 04, 2010 8:13
Baker's problem is that he doesn't understand Paulsian Economics, such as Rand Paul's excellent point that while government expects individuals to balance their budget, it won't balance its own budget. It is in this spirit that another Paul, Paul Ryan, proposes to cut spending to match taxes.

Paul is a Christian Manhood name that represents frugality, where the female form is Paulette. Mama Paulettes and Papa Paul Grizzlies understand that economics is a zero sum, no free lunch game as explained in the Libertarian Bible under the chapter on Paulsian Game Theory - If It's Mine, It Can't Be Yours:

"Whosoever reaps more than they sow in My Paulsian Name shall be smited and foreclosed upon by teabagger moneylenders who never ran a hyper leveraged over extension of freeloading private debt in their life."
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written by joe, November 04, 2010 4:17
Ryan also said that raising the interest rate would increase investment so his ignorance isn't' surprising. Most who claim that spending cuts would help the economy probably know otherwise and are pandering to their base. Republicans will most likely increase spending to help the economy and then blame the bigger deficit on Obama. Most likely a defense stimulus like Reagan did for 8 years.
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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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