April 7, 2011

The Path to Prosperity...in 2040?

By Vasko Kohlmayer
Representative Paul Ryan of Wisconsin is Chairman of the Budget Committee in the House of Representatives.  He is also widely acknowledged to be one of the most fiscally conscious members of the Republican Party and of the conservative establishment.It was, therefore, with much expectation that those concerned about the government's fiscal condition awaited his blueprint budget proposal, which he calls The Path to Prosperity.  The hope was that it would pave the way out of the predicament.Disappointingly, it does not do so, even though many well-meaning people want to believe otherwise.The first thing that should tip you off that something is seriously wrong with the proposal is that it does not balance the budget.  Startling as it may sound, one of Washington's leading fiscal hawks has no intention of bringing federal finances into balance anytime in the foreseeable future.That the budget needs to be balanced immediately is be quite obvious.  Having assumed more...(Read Full Article)