Monday, July 12, 2010

Cong Paul Ryan's Road Map for America's Future - A Plan for Prosperity

Congressman Paul Ryan's Road Map for America's Future should be mandatory reading by every voter before they go to the polls on November 2nd. Unlike the current Democrat leadership of Obama/Reid/Pelosi, the Congressman from Wisconsin has come up with a detailed plan to put America back on sound financial footing. Cong Ryan asked the CBO to do an analysis of his plan earlier this year:
CBO analyzed A Roadmap for America’s Future (H.R. 4529) and produced a detailed 50-page review of the plan and its impact on the long-term budget and economic outlook. According to CBO, A Roadmap for America’s Future provides reforms that make possible a growing and prosperous U.S. economy. It ensures the Medicare program does not go bankrupt and makes Social Security permanently solvent. It does so without changing benefits for those who are currently 55 and older. It balances the budget and pays off the debt. In short, CBO concludes that the Roadmap would put the budget and economy on sustainable path compared to current policies that will bankrupt America.
A Plan for Prosperity

Rep. Paul Ryan details his plan for prosperity at the U.S. Chamber of Commerce on Thursday, June 24, 2010:

Click here to view PowerPoint Presentation

Please visit Congressman Paul Ryan's website Road Map for America's Future to learn more about his plan.

Today Paul Ryan is the Ranking Republican on the Budget Committee but we need him as Chairman. In order to achieve that goal every Republican needs to to be working to elect Republicans to take over leadership of the House on November 2nd. With Republican control of the House, Paul Ryan will become the Budget Committee Chairman in January 2011, and his plan for our future has the opportunity to be enacted into law. It is obvious with the Democrats not passing a real budget but 'deeming' one passed that the Budget Committee needs new leadership with a new approach to solving our economic crises. Paul Ryan is just the person to get the job done as Chairman.

The following is an excerpt from the article by Fred Barnes on the Paul Ryan Road Map:

Republicans should embrace Paul Ryan's Road Map
By: Fred Barnes Weekly Standard
July 12, 2010

The road map is the solution. That's a pretty good message.

For now, the road map has a relatively small but growing cheering section. A dozen House members have endorsed it. Sen. Jim DeMint praised it in his book "Saving Freedom." Jeb Bush likes it. On CNN last week, economic historian Niall Ferguson called Ryan "a serious thinker on the Republican right who's prepared to grapple with these issues of fiscal sustainability and come up with a plan."

The plan would give everyone a refundable tax credit to buy health insurance, allow individual investment accounts to be carved out of Social Security, reduce the six income tax rates to two (10 and 25 percent), and replace the corporate tax (35 percent) with a business consumption tax (8.5 percent). And that's not the half of it.

As ranking Republican on the House Budget Committee, Ryan was able to get the Congressional Budget Office to run the numbers in his plan. CBO concluded the plan would "make the Social Security and Medicare programs permanently solvent [and] lift the growing debt burden on future generations, and hold federal taxes to no higher than 19 percent of GDP." Pretty impressive results, I'd say.

The road map does one more thing. It would give Republicans an agenda if they gain control of the House or Senate in the midterm election -- or a mandate if they win both. "What's the point of winning an election if you don't have a mandate?" Ryan asks.

He doesn't expect a mandate in 2010. "I need to make sure these ideas survive this election," he says, and set the stage for "the most ideological, sea-changing election in our lifetime" in 2012. Merely survive in 2010? The road map can do better than that. How about thrive?

Fred Barnes is executive editor of the Weekly Standard, from which this is adapted.

Read more at the Washington Examiner

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