John Hayward, the artist formerly known as Dr. Zero, has penned a great article in Human Events. In his piece, Hayward analyzes Governor Palin’s brilliant op-ed in today’s Wall Street Journal as well as her principled opposition to the recommendations put forward by Obama’s deficit commission. Excerpts follow:
Writing for the Wall Street Journal today, Sarah Palin unfurls the fiscal “road map” prepared by Representative Paul Ryan of Wisconsin, and likes where it leads.
She didn’t much care for the recommendations of the President’s bipartisan deficit reduction panel, co-chaired by Erskine Bowles and Alan Simpson, although she commends the authors for taking the problem seriously. “The report shows we’re much closer to the budgetary breaking point than previously assumed,” Palin says. “The Medicare Trust Fund will be insolvent by 2017. As early as 2025, federal revenue will barely be enough to pay for Social Security, Medicare, Medicaid and interest on our national debt. With spending structurally outpacing revenue, something clearly needs to be done to avert national bankruptcy.”
Palin judges the deficit commission’s report inadequate because it leaves three major financial tumors largely untreated: Social Security, ObamaCare, and our incredibly convoluted tax system. The commission would address Social Security by raising the retirement age, long after the point where the system would have become insolvent – and even at that, it would be making an already rotten deal for future retirees even worse. Ryan’s “Roadmap For America’s Future,” on the other hand, offers a program for younger workers to opt into a private retirement account, while preserving existing benefits for those 55 and older. There is, quite frankly, no other approach that will save the system.
The common liberal knock on the Tea Party movement in general, and Sarah Palin in particular, is that they have no ideas, only complaints and sound bites. Palin expresses her own concrete proposals on a regular basis, and now she’s signing on to the reinforced concrete of Paul Ryan’s comprehensive plan. As Americans watch the Democrats dissolve in a petulant meltdown over their own childish demands, economic fantasies, and utter irresponsibility, they would do well to learn that people like Palin, Ryan, and Pence are the adults in the room.
Another important point, I think, is that by promoting Ryan’s plan, it will get a lot more attention. We constantly hear from Obama and his shills in the Lamestream Media that Republicans have no ideas, that they are only the party of “no”. Governor Palin’s bold decision to support Paul Ryan’s plan will give it a much needed shot of publicity, and make it much more difficult for Democrats to push this false narrative. Ryan’s plan, though not perfect as Governor Palin notes, is to date the only credible plan by either party to deal with the deficit in a sober manner.
Raising taxes won’t solve the problem, but will only exacerbate it by further discouraging economic growth. A combination of pro-growth tax reform and spending discipline, primarily in the area of entitlements, is the only way to put America back on the path to fiscal sanity, and Ryan’s plan provides a workable blueprint toward that end. The deficit commission’s plan to ignore the the disastrous fiscal implications of Obamacare and other unsustainable and unaffordable entitlement programs will not solve the problem: the math simply doesn’t work. Read the rest of Hayward’s piece here.
Update: (h/t jimr3) The Weekly Standard’s John McCormick wonders when other potential 2012 candidates will get off the fence and follow Governor Palin’s lead.