Voodoo economics, as the senior (and smarter) Bush so memorably termed this belief system, does not work. But Ryan evidently believes in it, because his budget depends heavily on that old voodoo to achieve balance.truthdig
Voodoo Economics Still Isn’t a Plan
Out of paradigm, but true in that the presumed transmission mechanism from saving to investment is false. It will instead increase economic rent and drive up asset prices, increasing costs for most people. David Stockman admitted that the rationale intentionally manufactured as a ruse to justify ideological policy and fool the rubes.