Recapping the Ryan plan

In a great piece entitled "Don't Blame the House", at The American Spectator, Peter Ferrara succinctly explains in the first three paragraphs, the Ryan plan, why it's worth it, and why Democrats so vigorously oppose it.

The indisputable facts show that Congressional Republicans have done their job. Months ago, the House Republican majority passed the budget proposed by House Budget Committee Chairman Paul Ryan (R-WI). Ryan's budget provided for $6.2 trillion in spending cuts for its first 10 years alone. Over the long run, it drives federal spending to 15% of GDP, well below the postwar historical average of 20%.

Ryan's budget included tax reform to get the economy booming again, with a 25% top income-tax rate for incomes over $100,000 a year, and a 10% rate for incomes below that. The internationally uncompetitive federal corporate tax rate of 35% would be reduced to 25%, which would return federal taxes to their long term, postwar, historical average of 18% of GDP. Because that figure is higher than our spending, the Ryan budget eventually pays off the national debt entirely.

Yes, that takes decades. $14 trillion is a big debt to pay. It takes that long because the careful reforms are designed so that no one is actually hurt by the changes -- senseless Democratic rhetoric to the contrary notwithstanding. The Democrats just don't like it because by reducing government dependency it threatens their political machine.

Read the whole article. The Ryan plan - 2013 should see its resurrection.

HELLO???? Republicans are not ending Medicare.

Clinton-Ryan. C'est what?

For Heaven's sake, the Republicans ARE NOT TRYING TO END MEDICARE.  The Ryan budget proposes no such thing.  The plan simply tries to propose a way to deal with a cost that cannot be sustained and will bankrupt America.  Whether you agree with the Ryan plan or not (and I'm willing to bet those same vocal people who are against it haven't read it, just like the people who voted for Obamacare are never really read it), at least it poses an idea.  Something HAS to be done, one way or another.