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Ending the Financial Crisis

3 February 2010 No Comment

By Joey Lauer

Will there ever be an end to the spending in Washington? Representative Paul Ryan has a plan. In an interesting article, Ryan defends his “Roadmap for America’s Future 2.0″ against the objections of Peter Orzag, the director of the Office of Management and Budget. Ryan explains the key provisions of his “Roadmap” while rufuting Orzag’s claims at the same time.

Congressman Ryan’s Roadmap  proposes some drastic changes to the government’s entitlement programs to help solve the financial crisis. He suggests changing tax codes to help reduce the number of low-income uninsured and dramatically slowing down the costs of Medicare.

The key part about the congressman’s proposal is that it will solve the long-term financial crisis — as certified by the Congressional Budget Office. The plan may not be perfect, but it seems like a crucial step to take. It appears that congress is just pushing aside this growing financial burden for the future. The Democrats are busy working on a health care bill that would only seem to further this problem. Paul Ryan has made a stand amidst all the inaction.

Hopefully his ideas will gain momentum with the Republicans, and with congress. People know we need finance reform, and this could be a great starting point to a solution.

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