Dan Mitchell of the Cato Institute rightly has pointed out that President Obama is off base to be critical of Paul Ryan’s budget since it allows the government to grow by over 3% each year and he wished that the Republicans would taking a sharper knife to the budget cuts!!!!
April 4, 2012 by Dan Mitchell
I posted yesterday about Obama’s demagoguery against the Ryan budget and criticized the President for sloppy budget math, tedious class warfare, and a deeply flawed grasp of America’s founding principles.
This was followed by an opportunity yesterday evening to debate Jared Bernstein on the PBS NewsHour.
Here’s the interview, though I warn you that excerpts of Obama’s speech take up the first 3:17 of the video, and you won’t get to the debate until about 4:20.
Uploaded by PBSNewsHour on Apr 3, 2012
In a blistering attack on the House-Passed Republican budget Tuesday, President Obama called the plan proposed by Rep. Paul Ryan a “Trojan Horse” and “a prescription for decline.” Judy Woodruff, Jared Bernstein of the Center on Budget and Policy Priorities and the CATO Institute’s Daniel Mitchell discuss the GOP budget plan.
A few observations about the interview (other than that I need a haircut).
- It irks me that I was introduced as someone who served as a “Republican economist” on Capitol Hill. At the risk of nit-picking, I was an economist who worked for a Republican.
- I’m glad that I exposed the dishonest Washington budget math used by critics of the Ryan plan (which allows government spending to grow by an average of 3.1 percent per year).
- I should have mentioned that Obama is MIA on the budget. The non-serious plan he proposed this year was unanimously rejected by the House of Representatives and the budget he proposed last year was turned down 97-0 by the Senate.
- I’m happy that I mentioned that the federal government should have no role in education.
- I should have explained that Obama’s status quo approach means that America becomes Greece.
- It would have been a good idea to elaborate further on the issue of federalism, but at least I linked Medicaid reform with the success of welfare reform.
- I was delighted to have a chance to explain that Bush and Nixon were big-government interventionists (and also to point out that Clinton was surprisingly good on the issue of government spending).
By the way, Jared Bernstein is a co-author of the infamous White House report that claimed unemployment would never rise above 8 percent if we squandered $800 billion on a faux stimulus package based on Keynesian economics. But I’m a nice guy, so I chose not to raise that issue.
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