Paul Ryan lives in a fantasyland with lots of unicorns

I'm working on some big posts about Progressive taxes and health care, but those take a lotta time/research, so for now keep cool with some bike posts and links to Paul Krugman's (awesome) blog.

The best thing about writing on a blog is that I can say whatever I want!  If I want to call Tim Pawlenty an idiot, I can.  And if I want to say Paul Ryan lives in a world where the laws of mathematics do not apply, I can do that too!  In all seriousness though, Republican House Budget Committee Leader Paul Ryan's proposed budget is absurd.  Nothing in the budget is based on anything that occurs on the planet earth.

I live in a "fantasy world"

NY Times economist Paul Krugman has done an excellent job taking him to task for this on his blog. First, he wrote this post, about the budget having unemployment magically fall to 2.8%, a level not seen in this country since 1950. Here's one of the graph's in that post:

1. Pass Ryan Budget 2. ???? 3. Unemployment is 2.8% 

It's really just absurd - there's no basis in reality for this prediction.  Then Krugman posted this, in which a fairy waves a magic wand and Social Security costs half as much as it used to.  Here's the chart from that:



Notice how the circled line dips to 3.5%?

 Krugman had this to say about the chart:

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.

And finally, Krugman posted this detailing the budget's insane housing predictions.  Ryan's budget expects housing construction in 2015 to be the same as it was at the height of the Housing Bubble - I somehow thought that ended poorly for a few people...   Really, Paul Ryan?  Really?!

Final Score: Krugman 3, Ryan 0