Tuesday, March 16, 2010

New Foundations?

A Generation X Representative is the only one with a plan to avoid the enslavement of us and our descendants from the entitlements of the G.I.s and the Boomers. A telling quote:
Ryan comes from a family of industrial earth-movers—the business, now run by his cousins, was started by his grandfather, and he helped out as a kid. They clear away obstructions so new foundations can be laid.
Wait, there's more:
According to the Congressional Budget Office (CBO), which produces Congress's official projections about the long-term fiscal effects of legislation, Ryan's Roadmap for America’s Future would zero out the deficit, balance the budget by 2063, and reduce Medicare's expected share of the economy in 2080 from a projected 14.3 percent of GDP to a mere 4 percent. The Roadmap also calls for a substantial simplification of the tax code and a replacement of the corporate income tax with an 8.5 percent business consumption tax. CBO's projections are inherently uncertain—even the most competent economic forecasters can only guess at how the world will change over 50-plus years. But the result is, at the very least, a compelling conservative vision of the country's fiscal future.
Guess what? The Leadership of neither party is interested...

Here's the Newsweek article:
Here's the Plan:

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