Thursday, August 16, 2012

Robert Costa — Ryan Shrugged


In a comment on another post beowulf pointed out that Paul Ryan began as a Jack Kemp Republican, and now he is confirming that this is, indeed, who he really is. How is this going to go down with the base, one wonders.
Ryan enjoys bantering about dusty novels, but it’s not really his bailiwick. Philosophy, he tells me, is critical, but politics is about more than armchair musing. “This gets to the Jack Kemp in me, for the lack of a better phrase,” he says — crafting public policy from broad ideas. “How do you produce prosperity and upward mobility?” he asks. “How do you attack the root causes of poverty instead of simply treating its symptoms? And how do you avoid a crisis that is going to hurt the vulnerable the most — a debt crisis — from ever happening?”
....Kemp, he says, was a congressional voice who connected conservatism to the empowerment of the poor. He wants to do the same.
Ryan appeals to the moral authority of the pope as a deficit and debt hawk to justify the "expansionary fiscal austerity" of his conservative plan "to empower the poor."
Ryan cites Light of the World, a book-length interview of Pope Benedict XVI, as an example of how the Catholic Church takes the global debt problem seriously. “We are living at the expense of future generations,” the pope says. “In this respect, it is plain that we are living in untruth.” Ryan takes those words seriously. “The pope was really clear,” he says.
Ryan also appeals to the principle of subsidiarity, a bedrock principle of Catholic social and political philosophy that should inform law and government.
Ryan’s budget, which was passed by the House earlier this year, cuts spending and reduces taxes. It also reforms Medicare and Medicaid, he says, in order to keep them solvent for future generations. But to Ryan, his plan is more than a fiscal document, meant to tinker with the bloated federal bureaucracy: It is part of a push to return money and federal power, as well as certain services where feasible, to the people.
Ryan mentions the Catholic principle of subsidiarity as an influence on his thinking. He believes that the best government is a government closest to the people. He is a strong believer in the power of civil society, not the federal government, to solve problems. Community leaders and churches, he says, can often do more for the poor than a federal bureaucrat who scribbles their names on a check, sustaining dependency.
Ryan’s goal, with his budget and future projects, will be to “combine the virtues and principles of solidarity,” which stresses the benefits of the common good, with subsidiarity.
National Review
Ryan Shrugged
Robert Costa
(h/t John Carney)

3 comments:

Roger Erickson said...

No, Atlas Shrugged. Ryan seems to have an incurable tic.

ps: the Pope thinks we're impoverishing future generations by using too much fiat currency?
No problem! Pay it back in the afterlife!

Tom Hickey said...

The problem is that "debt" as a generic term conflates private debt and public debt, even though public debt issued by currency sovereigns is nothing of the sort. Virtually no one gets this. In fact, most people seem to think that private debt is no problem and only public debt is because "we are all responsible for paying it down." NOT!

DavidLJ said...

Benedict's error is in thinking that debt somehow means we are taking something from future generations. What goods does he think they are shipping back to us in their time machines? What services, other than the pride we may take in the thought of our offspring, do they perform for us retroactively?

None. Obviously. This "robbing the future" thingie is nonsense.

There are pluses and minuses to be considered in thinking about debt. We should consider real ones. We should not imagine phantasmagorical ones.

Debt now determines who pay whom later. Bonds sold now mean the public pays interest to bondholders later. This means debt financing now is a tax on everyone, including the poor, to pay to the rich as yet unborn, the inheritors of those bonds.

Poor folks don't inherit bonds. They get to use the sidewalks. But not the Army Corps of Engineers' yacht basins.

If you don't want to burden the future poor, to pay the unborn rich, you should oppose debt finance now.

Adequate taxes, to pay present expenses and debt, are necessary to avoid this future reverse Robin Hood.

-dlj.