Thursday, April 7, 2011

Paul Ryan's 2012 Budget Presentation - #2791 - Daniel Henninger: A Ronald Reagan Budget - Wall Street Journal (2) GOP Budget: 'Not a Penny' for Obamacare - CNS News (3) Ryan: Debt on Track to Hit 800 Percent of GDP, 'CBO Can't Conceive of Anyway' Economy Can Continue Past 2037 - CNS News




Nothing like Paul Ryan's budget, "The Path to Prosperity: Restoring America's Promise," has been heard from a Republican since February 1981, when Ronald Reagan issued his presidency's first budget message, "America's New Beginning: A Program for Economic Recovery." The echoes reach beyond the titles.  Both budgets announced a clear break with the Washington status quo. Reagan reversed the policies of the Carter presidency and the infamous stagflation years of weak economic growth, 18% interest rates and 14% inflation. Reagan's 1981 message posited four reversals: "a substantial reduction" in spending; "a significant reduction in federal tax rates"; relief from federal regulation; and "a monetary policy consistent with those policies."  In our day, the problems are the entitlement-spending time bombs and the twin killers of low growth and high unemployment. The Ryan budget proposes to defuse the Medicare and Medicaid bombs, while, like Reagan, overhauling the tax system to "unleash the genius of America's workers, investors and entrepreneurs."  Read more.......

GOP Budget: 'Not a Penny' for Obamacare - CNS News - The fiscal 2012 budget proposal unveiled today by House Budget Chairman Paul Ryan (R.-Wis.) offers sweeping reforms in federal spending, including defunding and repealing the health-care law signed last year by President Barack Obama and converting the federal share of the Medicaid program into block grants to state governments.  The Republican proposal says one of its aims is “making sure that not a penny goes toward implementing the new [health care] law” enacted last year.  Read more.......
Ryan: Debt on Track to Hit 800 Percent of GDP, 'CBO Can't Conceive of Anyway' Economy Can Continue Past 2037 - CNS News - House Budget Chairman Congressman Paul Ryan (R-Wis.) said President Barack Obama’s budget strategy is to “do nothing, punt, duck, kick the can down the road” while the debt remains on track to eventually hit 800 percent of GDP and the CBO is saying it "can't conceive of anyway" that the economy can continue past 2037 given its current trajectory.  Ryan also said that the House Republicans’ FY2012 budget, which he unveiled yesterday, would save Medicare and help the United States avoid a debt crisis.

No comments:

Post a Comment