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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review March 29, 2012/ 6 Nissan, 5772

The Ryan Budget Is for Everyone

By Bob Tyrrell



http://www.JewishWorldReview.com | As America rings up another $3 trillion-plus budget — almost a historic peacetime 25 percent of gross national product — and borrows another $1.3 trillion to pay for it, one should not be surprised that the usual mob of special pleaders is fuming at anyone who has the temerity to suggest a sane alternative. These are the new Democrats and they do not mind putting us on the road to Greece.

Thus, they howled when Chairman of the House Budget Committee Paul Ryan proffered a budget to avoid the Greek Tragedy. His budget contemplates spending reductions of more than $5 trillion over the next decade, cutting deficits by more than $3 trillion, taxes by $2 trillion, and the national debt by more than $1 trillion. It is all part of Ryan's strategy to lead us to a prosperous and secure future. Ryan intends that these cuts lead to growth, growth more robust than the anemic two percent that President Barack Obama would be perfectly comfortable with.

Yet now from the right comes opposition. The right thinks that Ryan has not cut enough. He has slain no government bureaucracies. Some on the right even want him to prove that he is sincere about budget cuts by lopping off a few more percentage points at the Pentagon. Two Republicans, Tim Huelskamp of Kansas and Justin Amash of Michigan, actually voted against Ryan in committee, leaving him with a 19-18 squeaker. If they are joined by enough like-minded Republicans when Ryan's budget comes to the floor, the Democrats and Nancy Pelosi will be happy. These Republicans will have proved that their party cannot govern.

Ryan is a supply-sider. He advocates one of the few economic innovations in years. He realizes that the budget cannot be balanced without faster economic growth. Sure, it would be nice to balance the budget in five years, but not with tax increases. Tax increases would only slow down growth. So his budget balances out in 2039, though possibly sooner. Some of the Republicans think that future Congresses cannot be trusted to carry out the cuts that Ryan proposes, certainly not through all the vagaries leading up to 2039. Well, for my part, I think they can. The country has changed dramatically. A new majority of Americans composed of conservatives and independents understands that we have been spending ourselves into the poor house.

The defeat that the Democrats suffered in 2010 was just the beginning. They will lose more seats in 2012 and the White House.

Yet even if I am wrong, we do not have to wait until 2039 for a balanced budget, according to an alternative scenario released by Ryan subsequent to his budget. Ryan's critics, who claim the budget will not be balanced until 2039, are using the Congressional Budget Office estimates arrived at by static scoring. This means they assume little public response to lower taxes. People will continue to act the same with lower taxes as with higher taxes. But history has shown they act differently. With lower taxes, you get growth.

According to Ryan's alternative scenario, using dynamic scoring, lower taxes and other inducements to growth in the economy will speed up the economy, increasing GDP by as much a one percentage point a year. Thus, the Ryan budget lowers the debt to GDP ratio to 50 percent in 10 years. Where it now stands at 74.2 percent of GDP, it would decline to 50 percent of GDP. The budget could be balanced not in 2039 but in the early-to-mid 2020s. The Republican critics need not worry. Add to that that Ryan's budget gets the federal take of the economy down from 24.1 percent of GDP to 19.8 percent in 2021 and you see real change. America need not end in Greek Tragedy. All Republicans and many Democrats need to get aboard the Ryan budget.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

JWR contributor Bob Tyrrell is editor in chief of The American Spectator. Comment by clicking here.

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