The Ryan Budget: A Test of Character for Obama  

Oleh:

Zakaria, Fareed

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Time Magazine vol. 177 no. 15 (Apr. 2011), page 39-40.
Topik: Economic Growth; Tax Revenues; Government Spending; Economic Crisis; Health Care Policy

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Perpustakaan PKPM Nomor Panggil: T7 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Zakaria discusses Republican Paul Ryan's comprehensive solution to the US's fiscal crisis. Ryan makes magical assumptions about growth -- and thus tax revenues. He tells that once his policies are enacted, unemployment will decline to 4%, a rate that the US has not seen for nearly half a century. His plan does not touch Social Security, and it does not specify the actual programs it would cut. So for all its supposed radicalism, it is actually quite weak at outlining reductions in government spending. The bulk of the deficit reduction -- which allows for the large tax cuts in Ryan's plan -- would come from changing American health care. But there, too, Ryan's plan is highly unrealistic.

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