If you are an Obamaphile, this will be so painful that it will hurt you to watch.
As stated in The Gateway Pundit:
…. Conservative rock star Rep. Paul Ryan just spanked former Obama Economic Adviser Austan Goolsbee on FOX News Sunday. And, here they told us Goolsbee was such a liberal genius! Guess not.
Austan Goolsbee, the former Chairman of President Obama’s Council of Economic Advisers, has a column in the Wall Street Journal that argues government spending isn’t too high.
That’s obviously a silly assertion, as I explain here, here, and here, but I want to focus on what he wrote about tax revenues.
Here’s the relevant passage from his column.
The true fiscal challenge is 10, 20 and 30 years down the road. An aging population and rising health-care costs mean that spending will rise again and imply a larger size of government than we have ever had but with…
Read the rest at Big Government