no household would ever be able to finance a home or car or major purchase. this economy runs on debt, big, huge businesses don t run balanced budgets, they take on massive amounts of debt. they never explained that relationship to balancing the budget and the economy and haven t explained why you have to do it in ten years. there s an image of paul ryan of the serious man in republican circles and bob greenspan addressed this on the new budget and did it in a series of questions, on the question of how courageous is paul ryan. bob said is it courageous to propose tax cuts but not identify a single tax expenditure to rein in? robert reich, that seems to not be the courageous position. not only is it not courageous, but we have seen it before. this is a rerun of the romney, ryan budget. they had budget asterisks, loophole closures they didn t
1 trillion in tax revenue in president obama s health care reform bill, including taxes on tanning salons and high value health care plans, which provoked erick erickson to question whether house republicans should even vote for it. since paul ryan s budget keeps the obama care tax revenue stream, isn t voting for his budget a violation of the repeal pledge? and in an interview with cnbc, paul ryan could not continue to pretend his budget choices had any attachment to reality. in terms of your budget, if you don t get it this year, likelihood of getting repealed this year is very, very, very low, does it blow a hole in your ten year budget? sure it blows a hole in the budget. it calls for continued spending. what is a budget? it is our vision for how we should fix this country s fiscal problems. the president of the center
the president of the center on budget and policy priorities and this program s most trusted budget analyst issued a report tonight on the ryan budget saying in critical ways the budget is exceedingly vague and as a result its claim to reach balance in ten years is hard to take seriously. the budget s fiscal claims rest on massive magic asterisks. joining me, jared bernstein, senior fellow at the center on budget and priorities and robert reich, professor at the university of california berkley. joy reed, when he is in an interview with larry kudlow, who used to be the biggest paul ryan worshipper in the world, gets down to the question is what is really a budget, he is on the ropes here. absolutely. there was another part of that
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interview with his former bff, larry kudlow where he says we had to accept the tax increases passed in january because we re not going to be able to repeal those, but we re going to repeal obama care, even though everybody understands they re never going to repeal that. he is talking around the realities because he can t get numbers to add up unless he absorbs a lot of policy that broemd champions that he says he hates. in addition, i am waiting for paul ryan to explain why it is evenness to balance the budget in ten years? what is he going after? what did you just say, why is it necessary? what s the matter with you, why is it necessary to balance the budget, most important thing you can possibly do, isn t it? they have been saying that for years, nothing more important than balancing the budget. do businesses not run deficits? anyone that bought a house with a mortgage isn t running a balanced budget. the key to economic growth is not balancing the budget.