I have a Newsweek column on the philosophical underpinnings of Paul Ryan's "Road to Prosperity." Basically, Ryan is an Ayn Rand nut who thinks the Obama administration's agenda is an eerie reprise of "Atlas Shrugged" and is precipitating a total collapse, and he proposes to address that by slashing tax burdens on the rich and benefits for the poor and sick. Obviously, this is not the interpretation of Paul Ryan that's being conveyed in most of the mainstream media, but I do think it's the one that best fits the available facts. I notice that Ross Douthat today expresses some frustration with
Along with a large and increasing number of Americans, I care about the long-term deficit because I think that, left unchecked, it will constrict and distort our future economy and society. And I am far from alone in believing that President Obama’s FY2012 budget proposal mostly evades the problem. According to the Congressional Budget Office’s recently released analysis, his proposal wouldn’t reduce the annual deficit below 4 percent of GDP, and the debt held by the public would double from $10.4 trillion to $20.8 trillion, nearly 90 percent of our GDP.