Paul Ryan's Plan for a Debt-Free Nation

by: Mark J. Perry

Paul Ryan (R-Wisconsin) presented his "Path to Prosperity" budget plan today at AEI; here's the full text of his talk, here's his WSJ editorial today, here's the link to the video, and here's the full 73-page plan.

Americans for Tax Reform prepared the chart below to compare Ryan's budget to the Simpson-Bowles (Obama) commission (and the Coburn-Chambliss “Gang of Six” which is introducing legislation modeled after Simpson-Bowles).

[Click to enlarge]

In his talk today, Ryan quoted a famous American president:

The lessons of history, confirmed by the evidence immediately before me, show conclusively that continued dependence upon relief induces a spiritual and moral disintegration fundamentally destructive to the national fiber. To dole out relief in this way is to administer a narcotic, a subtle destroyer of the human spirit. It is inimical to the dictates of sound policy. It is in violation of the traditions of America.

And Ryan concluded his talk by saying:

This budget offers America a model of government that is guided by the timeless principles of the American Idea. This budget provides policymakers with a blueprint to put our budget on the path to balance and our economy on the path to prosperity. This budget assures America's seniors-those who are currently retired and future retirees-that their health and retirement security will be preserved and strengthened.

This budget provides parents with hope that their children can inherit a strong, free and prosperous America. It is a plan to give our children a debt-free nation so they too can realize the American Dream.