Ryan to the Rescue?

By Bill Glynn

Paul Ryan has a plan - a good one, I think, as a start. This plan reduces the budget deficit by 2023. This does nothing to the national debt; it is simply designed to stop adding to the debt by then. And $17 trillion is upon US! We spend so much that if we make dramatic changes today – which are a requirement to survive, ourselves – then we balance the corporate books. In other words, we borrow more and more up to that time. Will tax reform help? NO! Will Medicare and Medicaid reform help? NO! Will Social Security reform help? NO! Why? It will never get done and even if some changes occur, it will be piecemeal at best. And so I make this clear: it matters little because those programs are Ponzi schemes; and, yes, Gov. Perry, banished for saying it, was right. They own trillions of U.S. debt. So even if incremental changes are made, they are still holding the bag. [more...]