Mitt Romney has made the most important decision in his campaign so far by selecting Wisconsin Rep. Paul Ryan for his running mate. The questions voters need to be asking themselves are who is this guy and what does he bring to the table. If you get you news from corporate mainstream media, he doesn’t bring anything for you. Jim Messina, Obama’s campaign manager, described Ryan as a purveyor of “failed policies” who would “slash the investments we need” in the economy. Team Obama attacked the Wisconsin congressman and House Budget Committee chairman as “radical” and “extreme” by quoting the New York Times.
Paul Ryan thrusts the Tea Party vision of a smaller government, a flatter tax code and a free-market Medicare system into the 2012 election. Choosing Ryan as his running mate, Romney reveals he wants to change the politics, not of the last four years, but of the last 12. Washington is broke and it is not going to grow under the watch of these two men. The Tea Party plan to grow the economy is NOT top down, politically and artificially from Washington, the way Republicans and Democrats have been doing for decades. That’s the old way, it is time to turn that outdated process upside down. We need the American people to grow the economy bottom-up, naturally and organically. Paul Ryan and advocates of a smaller government envision the American economy working a lot more like new economy juggernauts eBay and Google: thin at the top, where the Washington politicians mooch, and thick at the bottom, where working people are.
Paul Ryan takes the most criticism by the left for being the architect of the Republican House budget. His plan finally brings our deficit under control and balances the books by 2040. Since the Progressives took over almost a century ago our financial situation has been a disaster. So obviously, bold moves would have to be made, including touching the third rail in politics – entitlements and health care. If we continue to ignore the tough issues, like Barack Obama has, they will collapse us.
- By 2050, Social Security, Medicare and Medicaid (health care for the poor) will consume nearly the entire federal budget.
- By 2082, Medicare spending alone will consume nearly the entire federal budget.
The 2009 Social Security and Medicare Trustees Reports show the combined unfunded liability of these two programs has reached nearly $107 trillion in today’s dollars! That is about seven times the size of the U.S. economy and 10 times the size of the outstanding national debt. President Obama is a coward for not honestly addressing the American people about the dire situation and its ramifications. If you compare the Ryan budget proposal with the one offered by Obama (which couldn’t even get one democrat to support it) you will see that the Obama plan is the one that will bury America. Barack Obama wants us with a 2016 deficit of $529 billion, an accumulated debt through 2022 of $6.4 trillion, a tax increase of $1.5 trillion over the next ten years, Social Security and Medicare/Medicaid to FAIL since he offers no major structural changes, and all of this while NEVER balancing the budget!
Watch Paul Ryan explain his Path to Prosperity.
It is a plan. All Barack Obama does is push class warfare rhetoric and advocate the wealthy paying their fair share. Well, Mr. President if federal income tax rates are adjusted to allow the government to continue its current level of activity and balance its budget:
- The lowest marginal income tax rate of 10 percent would have to rise to 26 percent.
- The 25 percent marginal tax rate would increase to 66 percent.
- The current highest marginal tax rate (35 percent) would rise to 92 percent!
The Social Security and Medicare deficits are on a course to engulf the entire federal budget. If our elected leaders wait to address these growing debts until they are out of control, the solutions will be drastic and painful. If the left wants to call Paul Ryan a right-wing extremist and a radical who wants to end Medicare as we know it, then so be it. It gives the American people a chance to draw a clear contrast in 2012. This is about putting an end to empty promises from a bankrupt government. More importantly, once considered a fringe of the conservative coalition, Tea Party lawmakers are now indisputably at the core of the modern Republican Party. Grandma better strap on her wheelchair seatbelt because it’s going to be a wild ride…
The Path to Prosperity (Episode 2): Saving Medicare, Visualized
Path to Prosperity (Episode 3): 3 Steps to Pro-Growth Tax Reform — VISUALIZED