Pete Wehner predicts:
Next week Representative Paul Ryan, Chairman of the House Budget Committee, will release the GOP House budget for FY 2012. It’s likely to include far-reaching tax and entitlement reforms, significant cuts in domestic discretionary spending, spending caps, the rollback of injurious laws, and more. We’re talking about savings of more than $2 trillion over the next decade. If that’s the case and we’ll know by early next week it will rank as arguably the best, most important policy document produced by any Congress in our lifetime.
Well, let's not get carried away, shall we? But if Ryan's plan has credible long term cuts in Medicare, Medicaid, social security and defense, he will deserve a real hearing. But somehow I doubt it. If the entire burden rests on Medicaid - and there is no net revenue increase - it's unserious. But putting middle class entitlements and defense on the table will nonetheless be a step forward.
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