The GOP’s alleged boy genius and Ayn Rand fanboy, Rep. Paul Ryan, the “zombie eyed granny-starver” from Wisconsin, is taking over as the House Ways and Means Committee Chair in January.
The Flimflam Man of the GOP, as Paul Krugman dismissively calls him, is a true believer in the entirely disproved and discredited faith based supply-side “trickle down” GOP economics that George H.W. Bush back in the day correctly dismissed as “voo-doo economics.”
Ryan intends to double-down on “voo-doo economics” by using a lie to sell his destructive budget to the American people. This lie is something called “dynamic scoring.” Greg Sargent recently explained, GOP to double down on ‘voodoo’ economics?
For some time now, liberal writers have warned that a full GOP takeover of Congress will lead to a return of “voodoo” economics. The basic idea is that Republicans might use their clout to prevail upon budget scorekeepers to use “dynamic scoring,” which takes into account the macro-economic payoff in revenues in judging the impact of a tax proposal.
After dropping hints in this direction, Rep. Paul Ryan, the new chairman of the House Ways and Means Committee, has now basically confirmed that this is the game plan.