Ryan's "radical" budget would only reduce government spending to 20% of GDP by 2015. Obama wants to cut it to 23%. It is currently at 25%. In other words, there's only a 3 percentage point difference between Ryan's proposal and that of wild spending Democrats. And, this of course is before all the Congressional horse trading that goes on that would surely boost spending levels.
It makes no sense spending the time to look at this proposal in exacting detail. It's government as usual, with plenty of room for favors tucked in for friends and mostly for those who buy themselves Congressional "friendship". If this proposal is even adopted by Congress as a blueprint to start with, the damn thing will only get much worse and will look nothing like its current form, and its pretty bad in this form.
That said, Scott Hodge, president of the Koch-funded, Tax Foundation, thinks the plan is the greatest thing since the ending of the Vietnam War. Says Hodge:
Today, House Budget Committee Chairman Paul Ryan released his budget plan for 2012 and beyond. Unlike the typical Congressional budget resolution, the Ryan plan is not only comprehensive in its scope but it is presented in a refreshingly transparent manner. Every proposal in this nearly 75-page document – from discretionary spending and Medicaid, to taxes and welfare spending – is explained and justified in a way that any taxpayer can understand.A more sober assessment comes from a Washington D.C. insider familiar with Congressional budgets. He emails me to say:
Ryan's plan does not touch the Empire.