LITD is on record as being enthused about Ryan Budget 2.0 because it is the only serious proposal that has been put forth in Washington. Count this blog as also being in the camp, however, that wishes it weren't so timid, waiting until 2040 to balance the federal budget.
There are all kinds of ratios and comparisons of the US deficit-to-GDP ratio with that of other countries, but the most effective way to convey what it all means is to cite leaders of other countries, in particular a Western country that is much better off than the US is, who freely opine that the US is not only no longer the leader among the globe's nations, but not even really quite a first-world country anymore.
Yes, in the last three years our trajectory toward doom has accelerated as the major political party inclined to view freedom with contempt has become overtly socialist, but it has been underway for decades. We're in this fix because we expanded government to include functions that can be found nowhere in our Constitution.
THe time to dismantle the Departments of Education, Health and Human Services, Commerce, Labor, Energy, Agriculture and Interior, the time to privatize Social Security, Medicaid and Medicare, the time to simplify our tax code and make it encourage capital formation, is this week. Ryan had to be more gradual because of "political realities," but at what point do such "realities" amount to national suicide?
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