The Economist questions Ryan's fiscal sincerity
British magazine wonders if Rep. Paul Ryan is compromising his principles for politics.
Rep. Paul Ryan, R-Janesville, is generally regaled in the American media for his serious approach to economics, including calls for reforms to Social Security and Medicare in the name of balanced budgets in the future.
But The Economist, a prominent voice in the international media, is questioning if Ryan deserves his reputation. The magazine rips Ryan for failing to support the so-called Simpson-Bowles Congressional plan to reduce long-term deficits by cutting spending and raising taxes. It also questions if Ryan is now driven more by partisanship than intellectual purity. The magazine writes:
The less charitable interpretation is that as his prominence in the party has risen, he has morphed from a principled fiscal hawk to an old-school "starve the beast" Republican for whom lower taxes always trump deficit reduction. Deficit hawks earn their feathers by championing balanced budgets even when it crosses its own party's priorities; by that standard, Mr Ryan has work to do.