Paul Ryan's budget plan is not radical. In fact, it adds 5 to 6 trillion dollars to US debt. More important, it doesn’t get to the root of the problem bankrupting America: government redistribution of wealth. Unless we make fundamental changes to government, we'll stay on the road to ruin.
Grove City, Pa.
Here’s a question for those of you concerned about the size of federal debts and deficits: Would you endorse a plan that would add another five or six trillion dollars to the federal debt over the next decade while also increasing Uncle Sam’s annual expenditures by $1.1 trillion? If so, you’re in luck. House Budget Committee Chairman Paul Ryan (R) of Wisconsin has put forth just such a plan.
Initially, Democrats denounced Mr. Ryan’s plan as “radical.” From their perspective, adding “only” 5 or 6 trillion dollars of new debt is radically stingy. From a conservative perspective, adding that much debt seems radically irresponsible, if not dangerous.
More recently, perhaps recognizing that more and more voters understand that an ever-ballooning national debt is unviable, Democrats have floated an embryonic plan to increase the federal debt over the next decade by $4 trillion less than is currently planned. They plan to do this through a combination of tax increases and different spending cuts than what Republicans envision. Call it Gridlock 3.0.
The fact that Ryan’s plan to add multi-trillion dollars to the national debt is the most fiscally “conservative” deficit and debt-reducing proposal on the table today shows just how far the goalposts have been moved in American politics. How would you like your government debt, Mr. or Ms. Citizen – gargantuan or astronomical?
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