http://reason.com/archives/2011/04/06/p ... singlepageOnly pasting the intro. Go to the link if you care to read the rest.
Quote:
Paul Ryan's Budget Plan: The Good, The Bad, & The Ugly
From every possible perspective, Obama's budget was and is a disaster waiting to happen, memorable only for reminding all Americans that you can't spell "Winning the Future" without WTF.
Indeed, Obama's plan for 2012 is so awful that it should make us feel lucky that he and the Democrats failed to pass a budget for the current fiscal year (the only time such a thing has happened since 1974). Obama's dream budget would mean a 2021 budget that spends $2 trillion more than we do today, increase debt held by the public from 62 percent to 77 percent of Gross Domestic Product (GDP) and maintain massive annual deficits. And that's if things go according to his plan, which they won't (built into his budget are unrealistic assumptions about the rate of economic growth, revenue collection, health care savings, and more).
So compared to such an exercise in recklessness, Ryan's plan is refreshingly engaged with reality. Unfortunately for taxpayers and citizens, Ryan's plan looks better when standing in the shadow of Obama's. Neither budget provides a good way forward for a country still battling the effects of recession and the non-stop, self-inflicted spending binge that began with George W. Bush and has proceeded unabated since then. Ryan's budget is indeed a positive break from past efforts by Republicans and Democrats alike, but it doesn't provide the solutions the American people deserve.
We made the case against Obama's budget here. Now, we discuss the good, the bad, and the ugly of Ryan's budget.