Saturday, October 12, 2013

Congressman Paul Ryan To The Rescue

Republican Congressman Paul Ryan of Wisconsin and one of the smartest guys in Washington is crafting a Budget and Debt Ceiling deal that both speaks to Republican values and can pass both Houses of Congress and get Obama's signature.   It is Ryan to the rescue of both political parties.  Ryan is one of the few Adults in Washington that fully understands all the numbers.   The Ryan Budget enacted by the House would balance the federal budget within 10 years by dealing with Entitlements.   Sooner or later, Congress and the President will have to face this reality. 

Social Security, Medicare, Medicaid, ObamaCare and state and federal pensions represent $100 Trillion or more of unfunded liability that will explode on the American people already beginning.  If every dime of wealth in the United States was confiscated, something the Socialists and Communists in government would just love to do, not just a high percentage as is happening now, it would not be enough to pay for these promises.   Obama and his Socialist pals in government know it too, but they cannot openly say it because they depend on their PEEP's, who get most of these benefits, to stay in power feeding at the trough.   However, cards talk and numbers don't lie, so even though Socialists will lie, cheat, steal, borrow and history proves in some cases even murder to stay in power, eventually the numbers catch up for better or worse.

As 78 million Baby Boomers now reach 65 years old at the rate of 10,000 a month, this reality will become more and more evident.   The money is just not there to pay them all their benefits.  And, there is already Means Testing both for Social Security and Medicare as the so called "rich" are either taxed on benefits, or pay much higher premiums for Medicare so that cat is already out of the bag.  Short of denying Upper Middle Class and the rich any benefits at all, that they paid for, which would be untenable, there will have to be other solutions related to those under 50 years old and years away from collecting these benefits.   There really is no other way to deal with the problem that will not destroy jobs and economic growth. 

Paul Ryan has said so many times because as a Boy Scout, he cannot tell a lie.  So, just maybe, Ryan can get the Socialists to tell the truth to the American people as part of this Budget and Debt Ceiling Deal.  If Ryan only does that, he will have achieved a miracle. 

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