Conservative
Type 40
Ryan is one of the few politicians brave enough to tell us what we 'need' to hear, not what we 'want' to hear.
The American Spectator : Now That's Leadership!
read the whole article... this was just the highlights.
The American Spectator : Now That's Leadership!
In the first moments of reading House Budget Committee's Fiscal Year 2013 Budget Resolution, entitled "The Path to Prosperity" (and subtitled "A Blueprint for American Renewal"), you realize that this is no business-as-usual document.
The first page of text is a "Statement of Constitutional and Legal Authority," which states that Committee's budget "is committed to the timeless principles enshrined in the U.S. Constitution -- liberty, limited government, and equality under the rule of law" and that it "seeks to guide the nation's policies by those principles, freeing it from the crushing burden of debt now threatening its future."
Paul Ryan again: "[W]hen taxation is carried to injurious excess to fund activities outside the proper sphere of government, it not only harms the general welfare, but also suppresses revenue itself. As Alexander Hamilton -- whose fiscal plan brought national prosperity while eliminating America's first federal debt -- once observed, 'the most productive system of finance will always be the least burdensome.'"
National Defense: Eliminates $55 billion in "indiscriminate" cuts to the defense budget currently slated to hit in January, 2013 while implementing targeted spending reductions...
Free Enterprise: Ends corporate welfare, "stop[ping] Washington from picking winners and losers," rolling back energy company subsidies, ending bailouts of financial institutions, and repealing Obamacare...
Social Safety Net: Block grants Medicaid to the states, changing the welfare system so that it "does not entrap able-bodied citizens into lives of complacency and dependency."
Health and Retirement Programs: Adds a range of Medicare coverage options, including "traditional Medicare fee-for service," creates competition between health plans, offers tort reform, and implements a premium-support model to keep the system from bankrupting the nation. Provides "increased assistance for lower-income beneficiaries and those with greater health risks" while not reducing benefits for anyone in or near retirement.
Tax Code: Reforms the individual income tax code so there are just two tax brackets, 10 percent and 25 percent, "while clearing out the burdensome tangle of loopholes that distort economic activity." Cuts the corporate tax rate from 35 percent to 25 percent while "shifting to a territorial system" so that U.S. corporate tax only applies to profits earned in the U.S.
Government spending and budgeting: Implements enforceable spending caps, gives Congress more oversight over "wasteful Washington spending," and increases spending transparency.
The goal of the Ryan budget is to put the nation on a path to reducing our federal deficit and national debt. Over the next decade, it cuts spending by more than $5 trillion compared to Obama's budget, and offers more than $3 trillion in lower aggregate deficits.
...which is WAY faster and better than the Obama plan.CBO scoring of the Ryan budget "estimates that this budget will balance and begin to produce annual surpluses by 2040, and will start paying down the national debt after that."
read the whole article... this was just the highlights.