About PDA Advisory Board Featured News Romney choice of Paul Ryan for VP sets up bruising battle over federal budget
Saturday, 11 August 2012 13:36

Romney choice of Paul Ryan for VP sets up bruising battle over federal budget

Written by  William Douglas and David Lightman | McClaychy Newspapers

Ending four months of speculation and mystery, Republican presidential candidate Mitt Romney Saturday chose House Budget Committee Chairman Paul Ryan of Wisconsin as his running mate.

Romney announced the pick in Norfolk, Va., the first stop on a four-day campaign bus tour through Virginia, North Carolina, Florida and Ohio, all swing states that President Barack Obama won in 2008.

In choosing Ryan, Romney set the stage for a bruising campaign over fiscal and budgetary issues that both conservative Republicans and liberal Democrats will welcome. Ryan, who has served seven terms in Congress, has proposed a budget plan that would introduce massive change to Medicare and that has been sharply denounced by Obama.

Ryan is adored by fiscal conservatives, however, who in recent weeks had pushed for his inclusion on Romney’s ticket. Romney endorsed Ryan’s budget proposal late in the primary season, and the plan, which would sharply cut tax rates and cap Medicare benefits, is certain to be front-and-center in his campaign.

“Governor Romney would seem to own that plan and need to defend it, which may be difficult in places like Florida where seniors may be concerned (regarding) aspects like the overhaul of Medicare,” said Joel Goldstein, a St. Louis University law professor and authority on the vice presidency.

Ryan’s selection was lauded by most Republicans and predictably panned by Democrats.

“Congratulations to my good friend @RepPaulRyan!,” Republican National Committee Chairman Reince Priebus said on Twitter. “A great choice, and will be an amazing Vice President.”

Adam Green, co-founder of the Progressive Change Campaign Committee, a Democratic-leaning grassroots organization, called Ryan “a right-wing extremist who wants to end Medicare.”

“This is a major unforced error by Mitt Romney,” Green said in an email statement. “It gives President Obama and Democrats a chance to draw a clear contrast in 2012 by promising not to cut one penny from Medicare or Social Security benefits.”

Ryan’s pick was considered somewhat of a surprise among experts who had predicted that Romney would either play it safe by choosing a steady but unexciting running mate, like Sen. Rob Portman of Ohio and former Gov. Tim Pawlenty of Minnesota, or try to shake things up by choosing Florida Sen. Marco Rubio, who is Hispanic, or Sen. Kelly Ayotte of New Hampshire.

Romney’s vice presidential search was shrouded in secrecy and featured the occasional trial balloon. Last month, the Romney-friendly Drudge Report said that Romney was seriously considering former Secretary of State Condoleezza Rice, who supports legalized abortion. Social conservatives quickly signaled to the campaign that she was unacceptable.

Ryan, 42, is known as the Republicans’ gentle bulldog – sharply partisan, showing little willingness to compromise, but with a genial style.

He is considered Congress’ leading expert on conservative budgeting. In March, the House passed his budget blueprint on a largely party-line vote, and the Democratic-led Senate has made it clear it’s going nowhere.

Romney has long lauded Ryan’s budget plan, but Ryan did not endorse Romney until March 30, just before the Wisconsin primary.

“I spent a good deal of time with Mitt Romney and his staff recently going through our country’s fiscal situation, talking about just what it’s going to take to get the country back on track,” Ryan said at the time. “And I am convinced that Mitt Romney has the skills, the tenacity, the principles, the courage and the integrity to do what it takes to get America back on track."

Ryan’s budget plan is widely regarded as a road map for conservatives on the key issues of the day. It outlines in some detail how Republicans would govern, and is often a stark contrast to Democratic ideas.

His plan would repeal the 2010 federal health care law, eliminate mortgage titans Fannie Mae and Freddie Mac, and shifting Medicaid and the Supplemental Nutrition Assistance Program – commonly called food stamps – to block-grant programs for states.

He would revamp the tax code so that there would be two brackets, 10 percent for low-income earners and 25 percent for higher wage earners and corporations. Ryan said revenue that would be lost from such a program – the current top rate is 35 percent -- would be made up by closing loopholes in the current tax code as well as renewed economic growth, an assertion critics say is misguided.

His change to the Medicare program would be likely Democrats’ biggest targets. It would cap spending on future retirees and offer them a subsidy to buy private health insurance from federal insurance exchanges. Traditional Medicare would remain an option.

Ryan has been lauded by independent analysts in some circles for trying to tackle entitlement spending – programs like Medicare and Social Security – which threaten to make the already-huge federal debt balloon in the future.

"I give him credit for putting out a proposal. He’s ahead of the president on this, because the president says he cares about debt reduction but hasn’t proposed anything specific," said Leonard Burman, a tax and budget expert at Syracuse University, said when Ryan offered his plan.

Link to original article from McClatchy Newspaper

Read 2961 times

PDA In Your State

Sign the TPP Fast Track Petitions Petition - Congress Don't Renew Fast Track

Public Citizen Petition - Congress Must Reject Fast Track Authority Petition - Stop the Trans Pacific Partnership

CREDO Petition - Stop the Massive Corporate Power Grab


The People's Agenda