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Romney’s choice of Ryan as VP says it’s the economy stupid!

Mitt Romney’s choice of Paul Ryan, Chairman of the House of Representatives Budget Committee, as his Vice President is receiving widespread approval within the conservative community. Ryan is trying to eliminate the defict, reform (simplify) the tax code, and preserve entitlements for future generations.

Paul Ryan understands the most basic tenent of Economic Theory 101 - you can’t keep spending more money than you have to spend. Obama has had four consecutive years over $1T deficit and it hasn’t increased jobs, just the national debt.

Paul Ryan, who is from Janesville Wisconsin, is an economic policy expert who will elevate the discussion from Obama’s class hate and divisiveness to limiting the size of government and bringing the economy back under control.

Ryan knows that within a couple of decades, at the present rate of entitlement spending, that Social Security, Medicare, Medicaid and the interest on the National Debt will consume all revenues collected from taxpayers. There will be nothing left for education, road construction, or national defense!

The Heritage Foundation points out that President Obama said just last year that, “With an aging population and rising health care costs, we are spending too fast to sustain the program. And if we don’t gradually reform the system while protecting current beneficiaries, it won’t be there when future retirees need it. We have to reform Medicare to strengthen it.”

The left, especially Obama, will not want to discuss his abysmal record on the economy, so the Democrats will accuse Ryan and Romney of ending Medicare as we know it – coming from a president who’s Affordable Care Act will remove over $700B from Medicare between 2013 and 2022, in order to fund the centerpeice of his presidency – Obamacare.

CBS - 60 Minutes – edited an important statement made by Ryan on Sunday night concerning Medicare and the elderly – the media will stop at nothing to reelect Obama - “My mom is a Medicare senior in Florida. Our point is we need to preserve their benefits, because government made promises to them that they’ve organized their retirements around.”

“In order to make sure we can do that, you must reform it for those of us who are younger. And we think these reforms are good reforms that have bipartisan origins. They started from the Clinton commission in the late ’90s.”

Ryan has stated that you can’t spend your way out of debt, but you can certainly grow your way out of it. With an annual growth rate of 4%, deficit reduction and fiscal stability, a balanced budget would be achievable.

With Ryan, the country will have a spokesman for the real issues of the campaign – the economy, job growth, immigration - not the personal attacks on Romney, his family and other Chicago political tactics that confuse rather than inform.

At least Ryan has a budget plan. The Democrats in the Senate haven’t approved a budget in over 3 years. I guess they don’t want to put anything out there that could be critiqued.

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73 Comments

  1. JRM_CommonSense

    Just a little tidbit for your consideration:

    “Since the Romney campaign wants to run against President Obama’s cuts to Medicare, it’s something of a problem for them that Paul Ryan’s budget includes those very same cuts to Medicare. And so they’ve come up with a somewhat confused and confusing argument to distinguish the two plans.

    Obama’s cuts to Medicare are different because Ryan “keeps that money for Medicare to extend its solvency” while Obama uses it ‘to pay for a new risky program of his own that we call Obamacare.’ This is basically a misunderstanding of how budgeting works. Or, at the least, it’s predicated on the listener misunderstanding how budgeting works.

    What they’re doing is switching between two questions very quickly. The first question is: ‘How much money are you cutting from Medicare?’ The second question is: ‘How much overall deficit reduction is contained in your plan?’ And the second question isn’t getting answered.

    Here’s what everyone agrees on: Ryan and Obama include the same cuts to the Medicare program itself. So if you’re an insurance company participating in the Medicare Advantage program, you’re getting the same cut no matter who wins the election. So the answer to the first question is, ‘the same amount as the Obama administration.’

    What Romney/Ryan are saying is that they then take the money saved from their cuts to Medicare and put it toward deficit reduction while Obama takes that money and spends it on health care for poor people. The argument here is that by using the money to cut the deficit, Romney/Ryan makes future cuts to Medicare less likely.

    But Romney/Ryan also adds a trillion dollars to the defense budget. And they have trillions of dollars in tax cuts they haven’t explained how they’re going to pay for. So those decisions make future cuts to Medicare more likely. Meanwhile, Obama cuts defense spending by hundreds of billions of dollars, raises about $1.5 trillion in new taxes, and puts all that money into deficit reduction. So that makes future Medicare cuts less likely.

    So if the argument is that Romney/Ryan protects Medicare by putting the $770 billion in cuts towards deficit reduction, Obama protects Medicare by twice as much by putting the $1.5 trillion in new tax revenues towards deficit reduction. So far as the deficit is concerned, there’s no difference between a dollar from Medicare and a dollar from taxes.

    Which just leaves us where we began: Romney/Ryan want to do more of their deficit reduction by cutting social services while Obama wants to do more of his deficit reduction through raising taxes. Deciding whose plan makes more sense requires making judgments about whether Romney/Ryan will ultimately pay for their tax cuts. But deciding who is cutting Medicare by $700 billion just requires looking at who is cutting Medicare by $700 billion. And at the moment, that’s both Obama and the Republican budget.

    The Romney/Ryan campaign is aware of the difficulties in their argument, and so they’ve introduced a new wrinkle. They told Avik Roy, who also serves as a health adviser to the campaign, that ‘A Romney-Ryan Administration will restore the funding to Medicare.’ If that’s true, then their budget math just got completely impossible.”

    http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/14/ryans-budget-keeps-obamas-medicare-cuts-full-stop/

  2. Art Bardsley

    Brian your right, 89 filabusters. The Republicans are blocking progress. Mitch McConnell said his number one goal remains the defeat of President Obama in 2012. The number one goal should be the Economy.

  3. Brian Opsahl

    So your a fiscal Conservative right !! You believe in taking care of that deficit right !! then you turn around and ignore the facts about Paul Ryans voting record that I keep showing you ? Why do you ignore this ? even his budget if passed wouldn’t payoff one dime of deficit for almost 30 YEARS !! holly Sh%T are you kidding me !! at the same time giving Mitt a tax cut so he would only pay 0.03% ….A multi millionare really needs that kind of help while the rest of us slobs get a little bump of just a couple of thousand dollars so he can cover said tax breaks…Your really ok with that…?

    And if all that doesn’t bother you how about a guy running for the AMERICAN President yet he hides his money in the Caymen Islands,and Burmuda away from our beloved Country so he doesn’t have to pay one dollar more in taxes…thats what you want in an American President…hmmmm

  4. Brian Opsahl

    I’m taking a week off maybe by the time I get back Romney will show us why we should vote for him and give us alook at his tax returns. Stop all this nonsense of saying exactly the opposite thing from the day before and thinking we are dumb enough not to notice…see ya

  5. Show us the college transcripts!!!!
    Well I can’t ignore Obama’s policies and spending so I want to try something else.
    Maybe Obama will have a press conference and he will change my mind, but I doubt he will have a press conference.
    Well he will go on ET and the they can ask him tough questions like, what is your favorite kind of chili or what is your favorite color.

  6. Brian,

    Back when budget deficits were only a couple of % pts of GDP, the gov’t could spend money. However, now that deficits are abouyt 7% of GDP year-after-year, you can’t vote for all of this spending. The highway bill that Obama has proposed is larger than normal and thus needs to be smaller.

    Ryan’s budget would take a while to eliminate deficit spending. However, that scoring of his budget does not take into account the economic growth that will come from lowering income tax rates. Obama’s budget never eliminates spending and that includes Obama’s rosy economic growth scenarios and his fallacy that the ObamaCare will not add a dollar to the deficit.

    Is Obama ever going to present a budget that can muster at least ONE VOTE? Is Harry Reid ever going to have the Senate produce a budget?

    “at the same time giving Mitt a tax cut so he would only pay 0.03%” – Please share the source of this fertilizer.

    Why are you more concerned how Romney EARNED HIS money and not concerned with how Obama SPENDS OUR money?

  7. shawnnews

    The people demanding multiple birth certificates from Obama are upset that the democrats are asking Romney to produce tax returns.
    Ted’s comment that liberals believe what their told is ironic because it comes attached to an article by the Heritage Foundation, a conservative ideology organization that endorsed RomeyCare but condemned ObamaCare — virtual the same program under different names. If you really want to lead yourself in the wrong direction, go to an ideology site first.
    This article from Forbes uses Marketwatch as a source and demonstrates that Obama is a low spender. While Ungar is billed as someone of the left, Marketwatch isn’t a partisan site — like Heritage. Paul Ryan voted for all the spending increases that made our debts.
    http://www.forbes.com/sites/rickungar/2012/05/24/who-is-the-smallest-government-spender-since-eisenhower-would-you-believe-its-barack-obama/

  8. How about those college transcripts, what is he hiding?

  9. ” OBAMACARE ‘AMBIGUITY’ COULD MAKE HEALTH CARE TOO COSTLY FOR MILLIONS”
    “The new health care law is known as the Affordable Care Act. But Democrats in Congress and advocates for low-income people say coverage may be unaffordable for millions of Americans because of a cramped reading of the law by the administration and by the Internal Revenue Service in particular.

    Under rules proposed by the service, some working-class families would be unable to afford family coverage offered by their employers, and yet they would not qualify for subsidies provided by the law.”

    http://www.nytimes.com/2012/08/12/us/ambiguity-in-health-law-could-make-family-coverage-too-costly.html?_r=4&hp

  10. shawnnews

    How ’bout the transcripts? No president has released their transcripts and Romney hasn’t. Romney and his good pals, Trump and Limbaugh and other self-deceived people are asking apples for oranges. Romnney hasn’t released his college transcripts: “How about those college transcripts, what is he hiding?” would apply.
    Asking the president for extra requirements that other people have never done (two birth certificates) actually reinforces the idea that the Republicans want more laws to apply to their opponents like voter IDs, rather than themselves.

  11. Tell Obama to release all of HIS records. How did a guy who spent his last two years of high school stoned out of his mind, get into, not one, but two, high-priced universities, Columbia and Harvard?

    He is proclaimed as “the smartest President ever”, so, let us see his grade transcripts, and learn the truth.

  12. shawnnews

    Here’s Obama handling protesters vs. how the GOP handles them. The real thugs are not the Democrats. Paul Ryan has the cops throw out an old man who raises his voice when Ryan uses the term “entitlement program.”
    http://www.dailykos.com/story/2012/08/13/1119534/-71-Year-Old-Man-Taken-Down-for-Questioning-Paul-Ryan-at-Rotary-Club-Meeting
    Although like most partisan sites, Daily Kos is minimizing the actions of the man screaming at Ryan, we know the entire health care debate was full of plants who showed up just to obstruct the debate — an inadvertantly fueled its passage. They weren’t arrested. This is the kind of antics you see at GOP conventions in 2008 and from their new nominee Ryan.
    When you lose your investments to some deregulation you’ll be like this guy who has a problem with Ryan.

  13. Enjoy the video: http://www.youtube.com/embed/FVLOZuGM1BM?feature=player_detailpage

    Hey, Shawn, how about those investors (including many pension funds) who lost their rightful percentage of GM stock values, when Obama used it to pay off the UAW?

    See: http://www.calwatchdog.com/2012/07/26/obamas-general-motors-bailout-still-ripping-us-off/

  14. Shawn – Unger is an Uberliberal – watch him on Forbes on Fox on Saturday at 10:00 and you will understand.

    The democrats are full of thugs – see St. Louis SEIU members attacking a TEA Party member.

    http://www.youtube.com/watch?v=cFeUhSlHiUQ

    Back to point – It’s the economy Stupid.

    • Ted Biondo

      It IS the economy, Terry and Obama and his followers are trying to divert the nation’s attention from his abysmal fiscal record and his unconstitutional executive orders bypassing Congress and the laws they have passed!

      He is even raising the unemployment rate even higher by allowing illegals to work in America bypassing laws already passed by Congress and is now being sued by his own ICE agents!

  15. Speaking of thugs, don’t forget the anarchists of OWS, fully-endorsed by both Obama AND Pelosi.

  16. kevind1986

    To paraphrase (in regard to the left): “If it weren’t for made-up facts they’d have no facts at all…”
    My God, the ability to vigorously and forcefully promote made up facts and figures just because they occurred to you is actually sort of breathtaking. “I said it, therefore it is real”. What kind of I.Q. does that take?

  17. This might answer that question:

    Let us come to the point. Mr. Obama is reaching out to his very own special constituency. It is composed of those who believe that the Republicans would put up as their candidate for the presidency a person who in his business life would engage in fraud, tax evasion and even murder. Mr. Obama is casting his net for the moron vote. I do not believe there are enough morons out there to re-elect him.

    Read more: TYRRELL: Obama’s looking for the moron vote – Washington Times

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