Paul Ryan has gotten a lot of heat about his budget proposal and his open criticism of President Obama’s budget back in 2009. But is this denigration of Paul Ryan’s budget really all that fair? I mean the Congressman from Wisconsin did double major in economics and political science at Miami University in Ohio. Furthermore, the death of his father forced him to introspect and it was during this period in his youth that he read books by Milton Friedman, Ludwig von Mises and Friedrich Hayek.
Even so, he has been heavily criticized by the Nobel Prize winning economist Paul Krugman. Krugman has remarked in many of his blog posts and appearances on TV that the Paul Ryan budget should not be taken seriously. This is especially so given Paul Ryan’s record during the presidency of George W. Bush that saw the budget deficit balloon to five trillion dollars.
