Money Matters

I don't know how much of this you'll feel like following but here it is…

  • Representative Paul Ryan has drawn up and presented what he calls "A Roadmap for America's Future." It's a financial restructuring that, he claims, will slash government spending and head us towards a balanced budget. You can read the whole plan and accompanying sales pitch at this website which he set up for it.
  • A lot of people think Rep. Ryan's plan would do very little to wipe out debt and balance the budget. What it would mainly do, they say, is to slash taxes for the wealthiest Americans, increase them on the lower and middle class and harm a lot of institutions on which people depend such as Medicare and Social Security. One of the more devastating responses of this sort was composed by the non-partisan Center on Budget and Policy Priorities. Here is their analysis of Ryan's proposal.
  • Ryan responded to their report with this rebuttal.
  • And they have since responded to his rebuttal with this rebuttal.

From what I can see, the C.B.P.P. is winning this argument handily…but read the back-and-forth and decide for yourself.