Unfortunately, when Paul Ryan says Obama wants to out-Europe the Europeans, he’s not talking about the President throwing together his grandmama’s fabulous pâté de foie gras recipe nor dumping Michelle for a hot Italian First Lady like Carla Bruni. No, it’s all far more dire than that.
Here’s Ryan on the lessons we should learn from Europe:
We’ve lost 3.6 million jobs since the last stimulus was passed and they want to do more of the same. Bailing out state governments is the next roll of the dice. We are copying European economic policies of the past and that is going to give us a European kind of debt crisis in the future if we don’t change our policies. Yet the President is doubling down, giving us a big debt hangover.
Ryan on whether Obama can find the votes in Congress for more spending:
The President got those same centrist Democrats to vote for a budget that doubles our debt in five years and triples our debt in ten years. He got those same centrist Democrats to vote for $1.8 trillion dollars in new spending and $670 billion in new taxes in this session of Congress. He has always gotten, along with Speaker Pelosi, the votes needed to engage in their continued spending spree.
Ryan on the failure of Obama’s economic plan:
What we have right now is a neo-Keynesian model being pushed, which means spend, spend, spend — and they still have no problem with all of these tax increases. This economic doctrine conveniently fits a political ideology. This political agenda is built upon building government programs, building up spending — and they use this economic doctrine to satisfy their political pent up demand. The so-called “stimulus” was not about jobs as much as it was spending money on all these programs that they have wanted to spend on for a long time. Now that they have Congress and the White House, the spending spigot is wide open.
Ryan on the fact that Republicans offer better ideas:
In Congress, Eric Cantor, the House Republican Whip, has formed an economic growth working group, focused on jobs and economic recovery. I put out an alternative budget last year that cut 4.8 trillion out of the spending line and actually got us on track to pay off our debt. This year, Democrats are not even doing a budget. House Republicans continue to put out better alternatives — aimed to keep taxes low, get a grip on spending and entitlements, and prevent us from becoming a stagnant welfare state, which is clearly unsustainable as we’re seeing in Europe.
And finally, Ryan having a better grasp than most in Congress on economic issues:
It’s not a very high bar to clear.
We love this guy. We wish he were our Congressman, but that would mean we’d have to live in Wisconson. And that just ain’t gonna happen.
H/T: HotAir.com
