[Video] Feit en fictie over bezuinigen

Myth 1: Spending cuts will derail the economy.

Fact 1: The academic literature shows that successful cases of fiscal adjustment relied overwhelmingly on spending cuts, not tax increases.

Myth 2: We can’t balance the budget without raising taxes.

Fact 2: We can balance the budget simply by holding spending constant.

Myth 3: Paul Ryan’s plan will dramatically cut spending.

Fact 3: Ryan’s plan reduces spending between FY2011 and FY2012. After that it reduces the growth of spending. But overall spending grows by $1.1 trillion over 10 years under Ryan’s plan.