I Apologize

[saden1]

Originally Posted by Slingin Sammy 33

Interesting take by Bruce Bartlett. I may read his new book.

Paul Ryan's Budgetary Holy Grail - Forbes.com

Also good info from Heritage.

The Three Biggest Myths About Tax Cuts and the Budget Deficit | The Heritage Foundation

While I agree mostly with Heritage's take, I would advocate implementing the FairTax and temporarily elevate the rate with the elevated % of it exclusively for debt reduction and not put into the general fund. Once the entitlement programs/debt interest are reformed and under control the rate would reduce to a "normal" rate.

My main gripe with Ryan's proposal is that it takes nearly 70 years to tackle deficits and he only targets non-defense spending. I will give him credit, at least he has the guts to go after Medicare, Medicaid and Social Security but I won't pretend he doesn't lose credibility when he takes defense spending off the table.

[Slingin Sammy 33]

Originally Posted by saden1

My main gripe with Ryan's proposal is that it takes nearly 70 years to tackle deficits and he only targets non-defense spending. I will give him credit, at least he has the guts to go after Medicare, Medicaid and Social Security but I won't pretend he doesn't lose credibility when he takes defense spending off the table.

Agreed. Defense has to be included in comprehensive spending cuts. Defense spending has been good to me over the years, but there's definitely room to cut there.