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Hopefully Not A Road Less Traveled
Posted By Conn Carroll On May 21, 2008 @ 3:26 pm In Economics | Comments Disabled
There is no threat to our nation’s fiscal health greater than the coming deficits from unrestrained growth in Social Security, Medicare, and Medicaid. Already Social Security and Medicare consume 7.5% of our GDP. Unless changes are made that figure will jump to 13% by 2030. 
Bravely stepping in to offer a policy solution, Rep. Paul Ryan (R-WI) has introduced a plan he calls “A Roadmap for America’s Future. ” The four major components of the plan, outlined in today’s Wall Street Journal , include:
While not necessarily embracing every item in his package, this is a serious reform proposal to address the surging middle-class entitlements that threaten our children’s economic future. Congressman Ryan has offered a long-term solution that avoids tax increases. The Heritage Foundation has offered proposals along similar  lines . We challenge those who disagree with his approach to offer their own long-term solution.
Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2008/05/21/hopefully-not-a-road-less-traveled/
URLs in this post:
 Already Social Security and Medicare consume 7.5% of our GDP. Unless changes are made that figure will jump to 13% by 2030.: http://www.foundry.org/2008/05/20/cbo-to-congress-reform-entitlements-now-or-the-economy-dies/
 A Roadmap for America’s Future.: http://www.house.gov/budget_republicans/americanroadmap_home.shtml
 Wall Street Journal: http://online.wsj.com/article/SB121132850555608905.html?mod=opinion_main_commentaries
 similar: http://www.heritage.org/Research/Budget/wp0408.cfm
 lines: http://www.heritage.org/Research/Budget/wp021908.cfm
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