Paul Ryan's Path To Solvency

Now, there are certainly different types of goals: long-term, short-term, financial, physical, personal, family, educational, artistic, religious, health, etc. A country without a budget/goal is like a ship without a rudder. Image Credit: Weider Fitness

Paul Ryan's Path To Solvency

Today, the American Enterprise Institute has released a plan put forth by Wisconsin Congressman, Paul Ryan, by which our country could become prosperous and solvent through making the economic purpose of our federal government be right-sized and focused on its key reasons for existence.

This plan was issued as a response to the expansion of federal government in everyday life (through both the 43rd Presidency of George Bush and doubled-down upon during the 44th Presidency of Barack Obama) ... and most recently, the latest budget released last month by the Obama Administration.

Forget the fact that our Democrat Political Party controlled Senate, run by Nevada Senator Harry Reid, which has the responsibility to draft, pass and implement a budget, has seen fit to not pass or operate from a formal budget in over 1,000 days (blowing the lid off of spending controls). Basically, this abandonment of responsibility and public trust leaves our ship of state operating without a rudder.

So, what is the best path forward?

Image Credit: Paul Ryan via AEI

This excerpted and edited from the American Enterprise Institute -

Paul Ryan’s new budget offers a path to prosperity and solvency
By James Pethokoukis - AEI - March 20, 2012, 10:00 am

Barack Obama doesn’t have a long-term, debt-reduction plan. Paul Ryan does. So under the Geithner formulation, Ryan wins by default.

But the latest version of Ryan’s Path to Prosperity, released today, does far more than defeat a rival who’s decided to forfeit the field. It presents a bold and sweeping solution to America’s twin problems: too much debt and too little economic growth.

– By 2022, under the Ryan Path, debt as a share of GDP would be 62.3% vs. a projected 73.2% in 2012. Under the Obama budget debt as a share of GDP would be 76.3% in 2022, according to the Congressional Budget Office. Over that period, the Ryan Path would spend $5.3 trillion less than the Obama budget by, in large part, axing Obamacare and block-granting welfare programs — including Medicaid — to the states.

– Longer term, the differences between the Ryan Path and the Obama budget are even starker. By 2030, debt-to-GDP would be 53% under Ryan, 128% under Obama. By 2040, debt-to-GDP would be 38% under Ryan, 194% under Obama. By 2050, debt-to-GDP would be 10% under Ryan, over 200% under Obama – assuming that under the Obama scenario, the economy hasn’t collapsed.

How does Ryan do it? Medicare reform is at the heart of the Path to Prosperity. Where Obamacare relies on unelected bureaucrats to keep costs down, the Ryan path uses competition. Under Ryan’s revised “premium support” plan – essentially the Wyden-Ryan proposal — seniors beginning in 2023 could use their Medicare dollars to choose from a menu of private plans, along with Medicare’s traditional fee-for-service system. Every year there would be a competitive bidding process among all plans to determine the dollar amount of the federal contribution that seniors would use to purchase coverage. (The benefits in the private plans would have to be as least as good as Medicare.) The second least-expensive approved plan or Medicare, whichever is least expensive, would establish the benchmark that determines the premium support amount.

Seniors who prefer pricier plans would have to pay the difference between the premium subsidy and the monthly premium. Seniors who choose a less expensive plan could pocket the difference. As a backup — and so CBO could score the plan — per capita costs could not exceed nominal GDP growth plus 0.5%.

The Ryan Path reforms the tax code by creating a two-rate system — 25% and 10% — for individuals, while lowering the corporate rate to 25% and moving to a territorial system. Now because of CBO budget rules, the Ryan Path assumes tax reform doesn’t boost growth, though it almost assuredly would. So when you factor in faster growth, Ryan’s budget numbers look even better. By contrast, Obama would take the top income tax and dividend tax rates to 45%, capital gains to 24%. Talk about austerity.

The Ryan Path isn’t perfect. It takes a pass on Social Security reform and fails to specify what tax breaks would be scaled back or eliminated. But even with those flaws, the Ryan Path presents a vivid contrast with the Obama budget. One leads to prosperity and solvency, the other leads to a debt crisis — with the likely response being massive tax increases and healthcare rationing by Washington – and decline.

As Ryan puts it: ”The choice of two futures presented in this budget is premised on the wisdom of the American people to build a prosperous future for themselves and for generations of Americans to come.
[Reference Here]

It is time to think about the economic future of our country and recognize the serious consequence of continuing along the path our leaders insist on taking our country over these last 11 plus years. Our country demands economic direction through strong leadership and a change to a federal government that is right-sized and focused on results versus intention in its outsized foreign-financed debt/spending agenda experienced here during the 44th Presidency of Barack Obama ... Carter's Second Term.


** Article first published as Paul Ryan's Path To Solvency on Technorati **

MEME Busting - The Art Of Cultural Truth In Narrative

The "Arab Spring" of 2010-11 — however bitter or sweet its fruits may grow in the fullness of time — didn't just happen. Bill Whittle makes a powerful case for GWB's foreign policy as a major catalyst in his latest YouTube sensation, "Memebusters! The Osama bin Laden Edition," where he asks "Why are all these Muslims in repressive regimes suddenly rising up for freedom and the right to vote? Why now, all of a sudden? That's why," he answers, pointing to the iconic image of a triumphant Iraqi woman who had just voted for the first time in her life in the wake of Operation Iraqi Freedom. Caption Credit: SISU | Image Credit: Declaration Entertainment

MEME Busting - The Art Of Cultural Truth In Narrative

In the biological world, genes carry hereditary information, whereas, in the human communications world, MEMES carry cultural information.

If one were to rely on only getting their information from the news narratives we receive from large media broadcast and political organizations, we run the risk of living live through the lens of a distorted cultural truth versus a narrative focused on facts.

Take, for example, the MEME of "Mission Accomplished" and how it is being used to translate success and/or failure in our cultural landscape.

This excerpted and edited from Declaration Entertainment -

FIREWALL: Memebusters! The Osama Bin Laden Edition
By Bill Whittle

We used to have an immune system -- called the "press" -- that caught errors. Now the "press" generates most of the falsehoods themselves.

Memes are cultural beliefs that were not taught in school or in religion but that take on a life of their own because large numbers of people have emotional reasons for wanting them to be true …
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My joy about hearing about the death of Osama bin Laden lasted for about 20 seconds until I turned on the TV to see Andrea Mitchell crowing about how this really was "Mission Accomplished," not the premature "Mission Accomplished" that Cowboy George Bush claimed during his speech on that aircraft carrier, which happened, coincidentally, eight years earlier to the day …
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Only George Bush didn't claim "Mission Accomplished." In fact he said just the opposite.

So, where did this meme come from?

Well, the press made it up out of whole cloth. They not only distorted, they actually reversed everything that George Bush said on the deck of that aircraft carrier …

The Middle East before the 9/11 terror attacks. At this time, UBL was building a palace in Afghanistan from which he would be able to rule the Islamic caliphate he was working to establish. Image Credit: Declaration Entertainment

The Middle East after Bush's actions taken in response to the 9/11 terror attacks. Image Credit: Declaration Entertainment
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Now that day on the carrier, President Bush didn't say "Mission Accomplished," but he did say this:

"The advance of freedom is the surest strategy to undermine the appeal of terror in the world … Where freedom takes hold, hatred gives way to hope … When freedom takes hold, men and women turn to the peaceful pursuit of a better life … American values and American interests lead in the same direction: We stand for human liberty."
[Reference Here]

Where does all of this leave our current administration, the 44th Presidency of the United States? It is left to try and dismantle the good work previous generations had put in place in the name of Liberty with the allies in the United States press ... while reaping some of the benefits. UBL is dead, and is still dead, because of the larger strategy the 43rd Presidency had the foresight to put into play. Iraqi's can vote and express their human liberty our military and its strategy left behind.

The uprisings in Egypt, Yemen, Syria, and even Libya are actions that have been brought about because people can see what one country, with a similar demographic can do. The biggest problem with these developments lay in the fact there remains the risk that the desires of the people in the streets will be hijacked through jihad control freaks and, of course, the MEME agenda of the press ... led by Al Jazeera, and aided by our own administration through the lack of strategy used by the 44th Presidency ... Carter's Second Term!