Paul Ryan’s plan doesn’t go far enough

In a Wall Street Journal op-ed, Paul Ryan explains his budget proposal and includes this great chart:

Part of Ryan’s plan is to reduce government spending to the “long-term average” of about 19-20 percent of GDP. By what twisted logic does it make sense to leave government spending at 19-20 percent of GDP? Even Bill Clinton spent less than that.

Spending at these “average” levels is what got us into this mess. We should return to the level of federal government spending that existed prior to the progressive takeover of government, when the federal government spent about 2 to 4 percent of GDP during peacetime, more during depressions and wars. Maybe 2 to 4 percent is too low in these “modern” times. Personally, I think the federal government should spend about 5 percent of GDP. Three percent of which would be for defense and two percent for all other functions of the federal government, which are not that many according to the Constitution.

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One response to “Paul Ryan’s plan doesn’t go far enough

  1. Thank you, Michael! I wish there were more people who agreed that we need to look back further than Reagan, or even than FDR.

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