Paul Ryan won’t rule out...

On the TV this morning Representative (and Vice Presidential Candidate) Paul Ryan made a point to his Interrogator, George♠, about revenue enhancements:

“You know, it depends on the quality of the agreement.  It depends on the quality of the policy.  Our negotiators in the super committee offered higher revenues through tax reform.  John Boehner did as well.  So George, what really matters to me is not ratios but what matters is the quality of the policy,” Ryan said…

“There’s no deal to walk away from.  The point is, you’re not giving me a deal to look at. You’re giving me ratios,” Ryan said.  “Here’s — let me say this. Our problem is not that we are overtaxed. We are overtaxed. Our problem is we spend too much money.”

I like the approach that says show me the deal.  In order to reduce the $16 Trillion debt we are going to have to find some revenue somewhere.  There is no pixie dust out there to help us.  Representative Ryan talks like a person who understands the math.  While I think the assertions that math is a challenge for President Obama are scurrilous, I fear they may be correct.

Please keep in mind, that like the Ascension is different from the Assumption, the Debt is different from the Deficit.

Regards  —  Cliff

♠  George who, I wonder?