Rational Nation USA
Birthplace of Independent Conservatism
Representative Paul Ryan has just rolled out his budget plan and it's potential to cut 6.2 trillion dollars in spending over the next ten years. His Path to Prosperity may be the natural continuation of the Regan Revolution.
Some highlets of the plan:
- Embraces free markets to reshape the social welfare state.
- Shrinks government rather than looking for ways to finance the expanding the public sector.
- Prevents Washington D.C. from growing to 45% of the GDP by 2050, as compared to 24% today.
- Ryan's plan would downsize government to just over 15% by 2020.
- Return the size of government to approximately 1950 and prevent the Europeanization of the U.S.A.'s economy.
Some more hard numbers to consider:
- Ryan's plan has debt to GDP peaking at 74.5% in 2013.
- Debt would fall to 67.5% by 2021.
- Debt would continue to decrease until during the 2050's debt would be eliminated.
- Medicaid spending would be directed to the states indexed for inflation and population growth.
- Medicare spending would be transformed to a competitive based market system aided by government subsidies Thus lowering healthcare costs.
Ryan has mapped out a plan that provides the best road map thus far to recover and grow our economy, reinvigorate our industrial base, effectively address the Medicaid and Medicare issues, and over the next 38 years place un stable fiscal footings.
h/t: Republican Redefined