The Federal Budget and the Crisis of Democracy

Last week, House Budget Committee Chairman Paul Ryan issued his 2012 budget proposal to much fanfare.Ryan's proposal would "cut $6.2 trillion in government spending over the next decade compared to the President's budget," repeal ObamaCare, turn Medicaid into a block-grant program, reduce the top income tax rate to 25%, create a projected surplus of  0.25% of GDP by 2040, and reduce government spending to 15% of GDP by 2050.1There's only one problem with Ryan's budget, and it is this: Ryan is not dictator-for-life. The proposals in Ryan's budget are pure fantasies.  Ryan is a member of the House of Representatives.  He's up for re-election in 2012 and every two years thereafter.  There will be 14 House elections between 2012 and Ryan's proposed date to balance the budget, and 19 House elections until the proposal to reduce spending to 15% of GDP comes to fruition in 2050.  How can he possibly make proposals decades into the future?  And we...(Read Full Article)