Ryan's Economic Philosophy
I keep hearing that Ryan is a deficit hawk and he is fiscally conservative. As I pointed out yesterday, Paul Ryan is a supply sider who truly believes in trickle down theory - which is very different.
He doesn't care about deficits. The Ryan economic plan runs deficits through 2030. The tax cuts for the rich that are included in the Ryan plan create literally trillions of dollars of additional deficit spending - that is in the plan itself.
What he believes is that giving rich people more money will be good for everyone. Any "balancing" he does is in the social safety net programs. He wants to fundamentally change Social Security (turn it into individual retirement accounts) and Medicare/Medicaid (turn it into a voucher program).
I don't believe that Romney is fully onboard, but it is going to be interesting watching them reconcile their differences.