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  • Looking forward to role righting federal budget
    Posted in Commentary on December 28, 2010 | Preview rr

    Every American family has a budget. Each of us must account for what we spend—for our apartment or home, groceries, utilities, clothes, transportation, medical and child care—and our savings for the future. We have to prioritize—and often this requires difficult trade-offs. But if you spend without priorities, you can quickly find yourself in big trouble, with mounting credit card debt or unpaid bills burdening you and those who depend on you for their livelihood. The federal government needs a ... Read more

  • Opposing view on fiscal reform: Address health care costs
    Posted in Commentary on December 5, 2010 | Preview rr

    The Fiscal Commission has been a success. Due in large part to the leadership of co-chairmen Erskine Bowles and Alan Simpson, the commission's deficit-reduction proposal has launched a critical debate about the biggest problem facing this country: how to get the federal government's fiscal house in order and ensure a growing and prosperous future. Tasked with an extraordinarily difficult challenge, the co-chairmen put forth a serious and credible plan aimed at reducing deficits. Unfortunately, t... Read more

  • Refocus The Fed On Price Stability Instead Of Bailing Out Fiscal Policy
    Posted in Commentary on November 30, 2010 | Preview rr
    Tags: Economy / Financial

    The Federal Reserve's recent announcement that it will purchase $600 billion in Treasury securities has ignited a firestorm of criticism, opening a much-needed debate over the central bank's proper role in economic policy decisions. We share the concerns that many economists and policymakers have expressed about the Fed's decision to act. The Fed's recent departures from rules-based monetary policy have increased economic instability and endangered the central bank's independence. It is time for... Read more

  • Rep. Ryan on His Medicare Plan
    Posted in Commentary on November 17, 2010 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    The following was submitted by Representative Paul Ryan, Republican of Wisconsin. More on Mr. Ryan’s plan to change Medicare and reduce the deficit is here. For Medicare to meet its mission in the 21st century, this critical 20th century program must be secured for current and future seniors. Medicare’s open-ended, fee-for-service model distorts the health care market, inflates costs, and invites fraud and abuse. With tens of trillions of dollars in unfunded promises, Medicare is on an unsustain... Read more

  • Stop the Tax Hikes
    Posted in Commentary on November 15, 2010 | Preview rr
    Tags: Taxes

    Congress should act now to prevent across-the-board tax increases from hitting nearly all Americans on Jan. 1. Sustained job creation and economic growth are urgently needed — higher tax rates are not. The failure to take decisive action on this issue further heightens the uncertainty holding our economy back. It would be a mistake to increase taxes on any American family, worker or job creator. President Obama continues to make the case for raising the top two income tax rates, and raising tax ... Read more

  • How the Republicans can fulfill their pledge
    Posted in Commentary on November 3, 2010 | Preview rr

    America’s electorate has forcefully repudiated the party in power – again. In 2006 it fired a Republican party that had strayed from its principles. Then in 2008, in the midst of a financial crisis, the Democrats misinterpreted a mandate for change and President Barack Obama sought to remake America in his own image. Voters have now rejected this overreach. The question is, what comes next? Today America’s government stands divided. But we can all recognise that our current policy mix – borrow a... Read more

  • Washington vs. Paul Ryan
    Posted in Commentary on August 12, 2010 | Preview rr

    The immune system of the modern body politic is nothing if not resilient, and this summer all of its antibodies seem to be trained on heretofore little known Congressman Paul Ryan. That makes this a particularly instructive moment, because the attacks on the Wisconsin Republican show how deeply his radical honesty is subverting Washington's flim-flam—to borrow a phrase. "The flim-flam man" is what Paul Krugman called Mr. Ryan in a New York Times column last week that set a spleen-to-substance re... Read more

  • A Roadmap to America's Future
    Posted in Commentary on June 24, 2010 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Economy / Financial

    Our dire fiscal and economic challenges -- coupled with Washington's insistence on making matters worse -- are no excuse for retreat or despair. They are cause for inspiration and determination. The stakes of the debt debate present not only a challenge -- but also a once-in-a-generation opportunity to reclaim the promise and prosperity of this great nation. By acting now, a debt crisis can be averted by reforming government on our own terms. Americans need not suffer from painful austerity plan... Read more

  • We need to cut spending now
    Posted in Commentary on June 23, 2010 | Preview rr
    Tags: Economy / Financial

    With each passing week, fresh warning signs from the markets, government reports, or events overseas underscore the need to tackle our dire fiscal and economic picture. Yet Congress stubbornly refuses to acknowledge this reality, as each week results in a fight over how much further we should expand the deficit and how much deeper should we fall into debt. The starting point for tackling this challenge is the federal budget. For families, organizations, and businesses alike, a budget sets priori... Read more

  • Big government debt mortgages our children's future
    Posted in Commentary on June 21, 2010 | Preview rr
    Tags: Economy / Financial

    Over the course of the past year Americans have been increasingly alarmed by how dangerously mired in debt our nation has become. The U.S. debt rose past $13 trillion this month, about 89% of Gross Domestic Product (GDP) , and the International Monetary Fund now projects that the U.S. government’s debt will surpass GDP in 2012, a mere 18 months from now – with no plan in place to set our nation’s finances on sustainable course. As members of the National Commission on Fiscal Responsibility and R... Read more