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April 30, 2013

While the Fed fiddles, Congress burns.

Self-titled fiscal hawks like Paul D. Ryan, the chairman of the House Budget Committee, are terrified of telling the truth:

that the 10-year deficit is actually $15 trillion to $20 trillion, far larger than the Congressional Budget Office’s estimate of $7 trillion. Its latest forecast, which imagines 16.4 million new jobs in the next decade, compared with only 2.5 million in the last 10 years, is only one of the more extreme examples of Washington’s delusions. -- Sundown in America - NYTimes.com

Posted by gerardvanderleun at April 30, 2013 10:24 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Paul Ryan, like every member of Congress recently voted to exempt themselves from insider trading laws. They are all unrepentant, overt thieves. I think the NY Times realizes that it will not, can not survive if this theiving does not stop.

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