I will never stop loving this photograph.
Paul Ryan has released his new budget plan, and it is not well received. The editorial board of the Washington Post starts with the good ideas to be found therein, “since that is the shortest list.” At the New Yorker, John Cassidy all but calls it a work of fantasy. It balances the budget by 2023. It fixes the top marginal income tax rate at 25%. To reconcile these two conflicting and unrequested achievements, it A) forecasts much higher economic growth over the next ten years than any reputable economists predict, and B) repeals Obamacare while keeping the tax increases on high earners and $700 billion in cuts to Medicare that pay for it. You might remember that $700 billion as an aspect of Obamacare that Ryan and Mitt Romney relentlessly criticized in the 2012 election; now Ryan likes it. In fact, you might remember the whole budget as one of the most unpopular ideas of last year. Which begs the question: why is he proposing it again?
