Paul Ryan's Multiple Unicorns. "Ryan is assuming that everything aside from health and SS can be squeezed from 12 percent of GDP now to 3 1/2 percent of GDP. That’s bigger than the assumed cut in health care spending relative to baseline; it accounts for all of the projected deficit reduction, since the alleged health savings are all used to finance tax cuts. And how is this supposed to be accomplished? Not explained."
Where the Spending Cuts Go. "Ryan is proposing huge (and largely unspecified) spending cuts; but he’s also proposing very large tax cuts, mainly, of course, for those with high incomes. And as you can see, a large part — roughly half — of the spending cuts are going, not to deficit reduction, but to finance those tax cuts."
Memory Hole Alert. The Heritage Foundation has already removed the 2.8 percent unemployment figure from their report. In fact they removed all their "Civilian Unemployment Rate" estimates. "I mean, really, guys — this is all over the blogosphere; did you really think you could get away with pretending it was never there?"
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