Rep. Paul Ryan (R-WI) has an op-ed in Real Clear Politics. We know Ryan is a great Economist, and we've seen that he is a rousingly bold speaker. Here are some snippets of his article asking Should America Bid Farewell to Exceptional Freedom? (If you do not have time to read it all, look to the bottom for the bold and red text):
Americans are preparing to fight another American Revolution, this time, a peaceful one with election ballots...but the "causes" of both are the same:
Should unchecked centralized government be allowed to grow and grow in power ... or should its powers be limited and returned to the people?
Should irresponsible leaders in a distant capital be encouraged to run up scandalous debts without limit that crush jobs and stall prosperity ... or should the reckless be turned out of office and a new government elected to live within its means?
Should America bid farewell to exceptional freedom and follow the retreat to European social welfare paternalism ... or should we make a new start, in the faith that boundless opportunities belong to the workers, the builders, the industrious, and the free?
We are at the beginning of an election campaign like you've never seen before!
We are challenged to answer again the momentous questions our Founders raised when they launched mankind's noblest experiment in human freedom. They made a fundamental choice and changed history for the better. Now it's our high calling to make that choice: between managed scarcity, or solid growth ... between living in dependency on government handouts, or taking responsibility for our lives ... between confiscating the earnings of some and spreading them around, or securing everyone's right to the rewards of their work ... between bureaucratic central government, or self-government ... between the European social welfare state or the American idea of free market democracy.
If you are not yet convinced:
What kind of nation do we wish to be? What kind of society will we hand down to our children and future generations? In the coming watershed election, the nature of this unique and exceptional land is at stake. We will choose one of two different paths. And once we make that choice, there's no going back....
Am I exaggerating? Are we really reaching this "tipping point"? Exact and precise measures cannot be made, but an eye-opening study by the Tax Foundation, a reliable and non-partisan research group, tells us that in 2004, 20 percent of US households were getting about 75 percent of their income from the federal government. In other words, one out of five families in America is already government dependent. Another 20 percent were receiving almost 40 percent of their income from federal programs, so another one in five has become government reliant for their livelihood.
All told, 60 percent - three out of five households in America - were receiving more government benefits and services (in dollar value) than they were paying back in taxes. The Tax Foundation estimates that President Obama's budget last year will raise this "net government inflow" from 60 to 70 percent. Look at it this way: three out of ten American families are supporting themselves plus - through government - supplying or supplementing the incomes of seven other households. As a permanent arrangement, this is individually unfair, politically inequitable, and economically dangerous.