Paul Ryan's Path To Solvency
Now, there are certainly different types of goals: long-term, short-term, financial, physical, personal, family, educational, artistic, religious, health, etc. A country without a budget/goal is like a ship without a rudder. Image Credit: Weider Fitness
Paul Ryan's Path To Solvency
Today, the American Enterprise Institute has released a plan put forth by Wisconsin Congressman, Paul Ryan, by which our country could become prosperous and solvent through making the economic purpose of our federal government be right-sized and focused on its key reasons for existence.
This plan was issued as a response to the expansion of federal government in everyday life (through both the 43rd Presidency of George Bush and doubled-down upon during the 44th Presidency of Barack Obama) ... and most recently, the latest budget released last month by the Obama Administration.
Forget the fact that our Democrat Political Party controlled Senate, run by Nevada Senator Harry Reid, which has the responsibility to draft, pass and implement a budget, has seen fit to not pass or operate from a formal budget in over 1,000 days (blowing the lid off of spending controls). Basically, this abandonment of responsibility and public trust leaves our ship of state operating without a rudder.
So, what is the best path forward?
Image Credit: Paul Ryan via AEI
This excerpted and edited from the American Enterprise Institute -
Paul Ryan’s new budget offers a path to prosperity and solvency
By James Pethokoukis - AEI - March 20, 2012, 10:00 am
Barack Obama doesn’t have a long-term, debt-reduction plan. Paul Ryan does. So under the Geithner formulation, Ryan wins by default.
But the latest version of Ryan’s Path to Prosperity, released today, does far more than defeat a rival who’s decided to forfeit the field. It presents a bold and sweeping solution to America’s twin problems: too much debt and too little economic growth.
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