America’s favorite chartographer Paul Ryan stopped by ‘Meet the Press’ this morning to explain that exponentially increasing amounts of federal spending is the problem, not the amount of taxes the government is collecting from the American people.
And it wouldn’t be a Paul Ryan budget lesson if it didn’t include a chart! Against MTP host David Gregory’s wishes, Paul Ryan whipped out a chart to explain that it’s the spending, stupid.
Look, we’ve already done the revenue bit, and if you keep raising revenues, you’re not going to get decent tax reform. Look, I know you didn’t want me to pull out a chart, and I’m kind of a chart guy…
This green line shows you historic tax rates – how much we’ve raised in taxes. The blue line is every tax increase President Obama is calling for. He got lots of those already. The red line, it shows you where spending is going. Spending is the problem. Revenues aren’t the problem. Spending’s the problem. And if you keep chasing higher spending with higher revenues, as they’re calling for, you’re actually going to hurt economic growth, you’ll never catch up, you’ll shut down the economy and you won’t actually get the budget balanced.
- Paul Ryan, Chair House Budget Committee