The Hill gives Paul Ryan the Benefit of the Doubt. Ryan doesn’t do the same for American People.

The apologetic press is at it again. “Slip of the tongue” and “gaffe” describe what to me was the only honest moment in what was a fear mongering screed of doom-and-gloom by Paul Ryan, a set up for his own version of disaster capitalism.

"This is something we will not give up on because we are not going to give up on destroying the healthcare system for the American people," Ryan accidentally said.

Disaster capitalism is described this way:

Activist author Naomi Klein, who wrote “The Shock Doctrine” and coined the phrase “disaster capitalism,” warned … there would be an “exploiting of the crisis to hoard power for the few and to ram through policies that people don’t want.”

So Ryan needs a crisis. Here's how Ryan described the recovery at his press conference.

“Our finances will collapse. The economy will stall. The safety net will unravel.”

Anyone pick up on that? Another thing, does anybody really believe the deficit is preventing companies from raising wages (Ryan's claim at press conference)?

House Budget Committee Chairman Paul Ryan made a slip of the tongue while railing against President Obama's healthcare law. Some who were watching his speech were quick to pounce on the gaffe, taking to Twitter to point out Ryan's "Freudian slip," according to media reports.

So it wasn't a Freudian slip! The press knows so little about health care, they don’t know we already have a private system. Ryan push for a totally free market system simply leaves what we have now in place, along with removing the most basic standard of health care coverage, which would result in no real delivery of care. American’s would end up paying for junk insurance policies filled with massive coverage loop-holes.

"This is something we will not give up on because we are not going to give up on destroying the healthcare system for the American people," Ryan accidentally said.

The graph Ryan used at his press conference was so dramatically scary, I had to find out why, because it was so exaggerated. It didn't seem possible. I was right. Here’s Ezra Klein’s breakdown of that ridiculous graph used by Ryan, and a graph that removes a number of those scary projections:

Click Pic to Enlarge!

The CBO constructed the “alternative fiscal scenario.” A better name might be the “Washington is incredibly irresponsible” scenario. Under this model, all of President George W. Bush’s tax cuts are extended, the automatic budget cuts known as sequestration neither happen nor are replaced by other cuts, the cost controls in Obama’s Affordable Care Act are repealed, spending on Iraq and Afghanistan continues indefinitely, and so forth. Policy makers, pundits and others almost exclusively use this model to stoke Washington’s deficit anxieties … the most recent long-term budget outlook, from June 2012, projects that without a change in policies, debt in 2037 will be at a truly scary 199 percent of gross domestic product.

The CBO’s alternative fiscal scenario has become a hindrance to sensible policy making. It misinforms the public (and Congress) about the severity of future deficits, contributes to an air of panic, and, perhaps worst of all, gives Congress an excuse for fiscal irresponsibility, because irresponsibility is already priced-in to the budget projections.

Time Magazine gave this wonderful observation that proves I'm not crazy:

“The Current Mess.” Ryan argues that his plan is needed because America is going to hell. He identifies the problem as an out-of-control deficit created by out-of-control spending. If we don’t act now, he says, we’ll have a “debt crisis,” followed by “debasement of our currency,” and a parade of horribles: “Our finances will collapse. The economy will stall. The safety net will unravel.” His budget is “an exit ramp from the current mess.”

But what mess? Ryan helpfully provides a graph titled “Spending Is The Problem,” which actually shows that spending has declined as a percentage of GDP since the dark days of socialism began in 2009, and is on track to keep declining throughout the Obama presidency. There’s another fun graph, a reminder that the deficit, estimated at $1.2 trillion when Obama took office, is now down to $850 billion, and is on track to fall to $400 billion by the end of the president’s second term. In fact, government spending in the Obama administration has increased at the slowest rate since the Eisenhower administration. And the markets that Ryan normally worships clearly don’t think we’re headed for a debt crisis, because interest rates are at historic lows.