Michael Gerson
The Washington Post
3/29/2012
The first time Rep. Paul Ryan presented his budget, it was supposed to be fatal for the GOP. Ryan, after all, was not only touching the entitlement third rail but also licking it. Even to some ideological allies, it seemed like a dangerous dare.
Now he has dared again. And the absence of an apocalypse is a victory of sorts. Americans are not suddenly enthusiastic about Medicare reform. But Ryan has made a sophisticated case for its necessity. His proposals have been generally embraced by congressional Republicans and the GOP’s likely presidential candidate. If Mitt Romney manages to win, the presentation of Ryan’s budget in 2013 would kick off a momentous national debate on the size and role of government…
…Despite the criticisms of Ryan’s budget, it is simply correct on the biggest matter. By the 2030s, federal health-care commitments, along with interest on the debt, will consume just about all government revenue. Federal health spending is expected to grow from 5.6 percent of the gross domestic product (GDP) to nearly 20 percent — about the modern average for the whole federal government. Maintaining “Medicare as we know it” and other unreformed health entitlements will make every other function of government as we know it impossible…
…[the priority] is to avert a fiscal calamity that would bring an economic catastrophe. This requires health entitlement reform — the real measure of budgetary seriousness and the irreplaceable contribution of Paul Ryan.
The complete article is at The Washington Post.
Related: House Passes Ryan’s Budget 228-191, Rejects Obama’s 0-414
Also, Financial reform from the New World Order: Biden to Iowa Crowd: “We Want…A Global Minimum Tax” …
…“Look, we want to end and we want to end it right now, the practice of getting a tax break, which you saw happen here in Iowa for dismantling a factory, floor to ceiling, and shipping it abroad and getting a moving expense to go abroad,” the Vice President said.
“Instead, we should be giving a tax credit to companies that dismantle factories abroad and bring them back home,” he added.
The Blaze has already addressed earlier comments made by members of the current administration regarding a “global tax.” Has Vice President Biden confirmed these suspicions?
Read the whole thing.
Update: Romney attacks.
