Wednesday, April 2, 2014

Paul Ryan's Budget Exposes Democrats' Bankruptcy Of Ideas

IBD ^ | 04/02/2014 | Editorial
Whatever objections anyone might have to various details in Rep. Paul Ryan's bold new plan to cut $5 trillion of government waste, one fact trumps all else: Unlike Democrats, he offers solutions, not denial. The one thing that stands out in the long-term budget plan unveiled Tuesday by House Budget Committee Chairman Ryan, R-Wis., is his acceptance of a fact Democrats want to hide: You can't squeeze enough extra money out of the rich to pay for our endlessly expanding entitlement programs of Medicare, Medicaid and Social Security. Tax revenue over many decades has been relatively unchanging . And it will slam straight into the steep mountain of growing entitlements, with the crash and burn taking place in the late 2020s. Deny that and you might as well deny the law of gravity, too. On Medicare, for instance, the Ryan plan points out what you never hear Democrats admit: "Without reform, the program will end up causing exactly what it was created to avoid: millions of America's seniors without adequate health security and a younger working generation saddled with enormous debts to pay for spending levels that cannot be sustained." Ryan's "Path to Prosperity" provides the parachute Democrats insist the country doesn't need.
(Excerpt) Read more at news.investors.com ...

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