GOP ignoring Rep. Paul Ryan's detailed deficit reduction plan

The GOP talks a good game about reducing the federal deficit. So why is it ignoring Rep. Paul Ryan's detailed Roadmap?

According to the Congressional Budget Office (CBO), which produces Congress's official projections about the long-term fiscal effects of legislation, Ryan's Roadmap for America’s Future would zero out the deficit, balance the budget by 2063, and reduce Medicare's expected share of the economy in 2080 from a projected 14.3 percent of GDP to a mere 4 percent. The Roadmap also calls for a substantial simplification of the tax code and a replacement of the corporate income tax with an 8.5 percent business consumption tax. CBO's projections are inherently uncertain—even the most competent economic forecasters can only guess at how the world will change over 50-plus years. But the result is, at the very least, a compelling conservative vision of the country's fiscal future.

In other words, it's a thoroughly radical idea. But talk to Ryan about the plan, and he'll insist that, despite all evidence to the contrary, drastic as it sounds, the American people are ready for it. "They know the fiscal situation's bad," he tells NEWSWEEK. "They know this debt is wrong. They know we've got a problem." Yet despite its concerns about the deficit, the public is also deeply attached to Social Security and Medicare.

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GOP ignoring Rep. Paul Ryan's detailed deficit reduction plan

GOP ignoring Rep. Paul Ryan's detailed deficit reduction plan

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