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Thursday, April 07, 2011

Childish Attacks On Paul Ryan's Budget Get House Nowhere

House Budget Chairman Paul Ryan (R. Wis.) is treating Americans like grownups.  That’s all too rare.

Washington’s big spenders have responded with their usual tired clichés.

"Pulling the rug out from under seniors,” says Sen. Debbie Stabenow (D.-Mich.).

“Waging war on American workers,” says Rep. Xavier Becerra (D.-Calif.).

“A path to poverty for America’s seniors and children,” claims House Minority Leader Nancy Pelosi (D.-Calif.).

"The Tea Party has hijacked the Republican caucus," says House Budget Committee Ranking Member Chris Van Hollen (D.-Md.)

Pee Wee Herman could have delivered more creative comebacks.  But treating the electorate like adults is uncommon in Washington, D.C.  Ryan’s plan should be rated at least R for Realism, while the dismissive comments are PG for Politically Guided.

Ryan’s plan is a big deal.  A very big deal.  Its proposed $6.2 trillion of savings over 10 years (measured against Obama’s budget) is literally 100 times larger than the $61 billion that the GOP hopes to cut this year—and is struggling against ferocious Democrat resistance.

Revising Medicare to a defined contribution plan is a good course to pursue, and of course a tough sell.  But that change makes a huge difference in controlling spending and reducing deficits.  The same with Ryan’s goal of giving states full flexibility over Medicaid, in exchange for limiting federal costs.

As noted by The Heritage Foundation’s annual Index of Dependency, people’s unhealthy dependence on government is skyrocketing.  Ryan would address that and more.

Spending limitations, rollbacks, and freezes.  Repeal of ObamaCare.  Cutting corporate welfare (including farm subsidies) as well as overly generous giveaways to individuals.  Structural reform for federal health care programs, which are the biggest runaway spending items.  Ryan’s plan gets serious in a way nobody else has.

But his “Path to Prosperity” is about economic growth, not just spending.  Tax simplification is one aspect, and so is lowering corporate taxes so businesses are not pushed overseas by what is now the world’s highest rate.  A Heritage Foundation analysis finds this would create a million jobs a year for starters, and double that rate in short order.

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3 comments:

Anonymous said...

The world's highest rates with the most loopholes in the world.

Anonymous said...

Ryan proposes &15,000 vouchers for Medicare recipients. This is so unreal that only a young person without any health problems could be OK buying health insurance from a private company. For older people with a lot of health problems it will be a joke! Cost of medicine is very high in this country and $15,000 is nothing.

Anonymous said...

Paul Ryan is doing what he was elected to do. We have to stop all this spending and he is the only one with a plan to do that. I hope the people and Congress listen.