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.