Rep. Paul Ryan, the opening speaker at CPAC, just warned that America is currently at a “irreversible tipping point” as it is on the verge of drastically remaking the individuals’ relationship with government. The stimulus bill, the housing bailout, the prospect of bank nationionalization, cap and trade, government-run health care, when you add them all up, he said, we could get to the point where more people depend on the government than free enterprise.
President Obama’s housing proposal, he said, is an update of Marx’s “from each according to his ability, to each according to his need.” Instead, it’s “From the suckers who followed the rules to those who borrowed beyond their means.”
He said Republicans should focus on the following:
1) Sound Money
2) Tax Reform — calls for junking 64,000 page tax code and replacing it with a new one. Supports optional two bracket “flatter” tax code.
3) Health Care — Makes the case for consumer-based health care.
4) Federal Budget — Binding cap on federal spending. Says on our current course, taxes will have to double from 20 cents out of every dollar of GDP to 40 cents.
5) Regulatory reform