| By Jim Tankersley Paul Ryan has made very clear what he would do if he ran Washington. Donald Trump has not. That is both the opportunity and the danger that Ryan, the Speaker of the House, embraced on Thursday when he endorsed Trump for president. Ryan has spent more than a decade in Congress laying out … | | |  | | | | The latest economic and domestic policy from Wonkblog | | | | |  (Photo by Chip Somodevilla/Getty Images) By Jim Tankersley Paul Ryan has made very clear what he would do if he ran Washington. Donald Trump has not. That is both the opportunity and the danger that Ryan, the Speaker of the House, embraced on Thursday when he endorsed Trump for president. Ryan has spent more than a decade in Congress laying out plans to cut tax rates, including for top earners and corporations; to slash federal spending, including the near-complete elimination of federal programs outside of the military and safety-net programs such as Medicare and Social Security; and to overhaul government services for the poor, to reduce the amount spent upon them and attempt to encourage more people to work their way out of poverty. He favors free trade and has in the past supported immigration reform, though he has vowed not to bring the issue to a vote under President Obama. Trump has spent the past year, as a candidate for president, laying out a few core policy proposals - and then waffling or obfuscating on large swaths of his agenda. In just one example, he has alternatively promised to pay off the entire federal debt within eight years; to refinance the debt in ways that many experts worry would undermine America's credibility with its creditors; and to take on more debt in order to increase federal spending on infrastructure. None of those positions is Ryan's position. Which one would be Trump's as president is anyone's guess. | | | Read the rest on Wonkblog.
Chart of the day A garbage fire of a monthly employment report shows that the economy added just 38,000 positions last month. Matt O'Brien has more. 
Top jobs tweets "So: the economy barely added any jobs in May, added 59k fewer than we thought in March & April, and the labor force shrank by 458k." -- @ObsoleteDogma "There's nothing good to say about this employment report." -- @JustinWolfers "Prime-age EPOP up 0.1 ppts to 77.8%. So there's that." -- @nick_bunker "Taking the last three months together nonfarm payrolls suggests that employment growth is slowing." -- @BetseyStevenson "No way the #Fed can raise rates in June. Even July in question now. #NFP" -- @DianeSwonk | | | | | | | | | | |
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