The Ryan Budget: A Mistake of Historic Proportions

We are only slowly recovering from the second-worst calamity in economic history. While the recession officially ended almost three years ago, unemployment remains over 8% and real GDP growth is anemic. Paul Ryan and his supporters say that the reason for this sluggish response is the size of the government, the most visible manifestations of which are the national debt and the deficit. They believe that the public sector is leaching resources away from private industry, preventing the latter from booming and restoring prosperity. Their recommendation: trim the fat off our economy by cutting government spending. Then the private sector will be set free, jobs will be created, and real GDP will soar.

http://www.forbes.com/sites/johntharvey/2012/04/09/the-ryan-budget-a-mistake/