• Moving the Needle

      On my FBN show this week, Congressman Paul Ryan and I talk about the unintended consequences of government spending. The consequences are nasty.

      But the glimmer of good news is that while Congressman Ryan was vilified for his 'Path to Prosperity', a mild plan that doesn't balance the budget for about 50 years, he helped start a conversation about our massive debt. Ryan moved the needle.

      Newt Gingrich apologized for calling the plan "right wing social engineering". Former Governor Mitt Romney, House Speaker John Boehner, and House Majority Leader Eric Cantor have praised the plan. The Republican Study Committee, the Tea Party Debt Commission, and others came out with bigger cuts. Now most Republicans talk about cuts. The center of gravity has shifted, and Ryan agrees on my show that his plan is "mild."

      You can watch the interview at johnstossel.com, and read what Congressman Ryan says about it on his facebook page. The rest of the show re-airs Saturday and Sunday at 9pm eastern on FBN.

      TAGS
      Unintended Consequences
      Budget
      Paul Ryan