Speaker Paul Ryan wants you to know that it is not his fault at all that we’re going to have a trillion-dollar deficit. It’s the fault of old people. Because of course it is. It’s Paul Ryan.
“That was going to happen. The baby boomers retiring was going to do that,” Ryan said on NBC’s “Meet the Press” of projections that the country will start running trillion-dollar deficits as soon as 2020. […]”These deficit trillion-dollar projections have been out there for a long, long time. Why? Because of mandatory spending which we call entitlements,” he said when pressed by NBC host Chuck Todd on Corker’s criticism.
Ryan, a former House Budget Committee chairman, said the Congressional Budget Office projects discretionary spending to increase by only $300 billion over the next decade and for total tax revenues to continue to increase.
“Mandatory spending which is entitlements, that goes to $2 trillion over the next decade. Why does it go to $2 trillion? Because the […]
What a moron. As if he did not notice the boomer bulge headed to retirement. The boomers swelled public education, then colleges,then the job market. What did Paul Ryan think was gonna happen when they retired? Did he figure the boomers would go all soylent green? He doesn’t deserve to call himself a policy guy: bozo.