Tag Archives: Fiscal Conservatism

Tragedy strikes! Paul Ryan is not going to run for President in 2012!

The thing I like about Paul Ryan is that now matter how bad our problems, he has the answers.

But he’s ruled out running for President in 2012.

Excerpt:

Rep. Paul Ryan, a Wisconsin Republican… is ruling out a 2012 run for president.

“I’ll give you as Shermanesque a quote as I can,” said Ryan.  “I am not going to run for president. I’m just not going to do it. My head’s not that big, and my kids are too small.”

but Sarah Palin likes him for President:

Over the weekend, Ryan was singled out for praise by Palin during her interview with “Fox News Sunday.”

Asked to handicap the potential Republican presidential field, Palin refrained from commenting on former Massachusetts Gov. Mitt Romney, former Arkansas Gov. Mike Huckabee, and Minnesota Gov. Tim Pawlenty, three Republicans actively weighing a White House run in 2012.

Palin said, however, that she was “very impressed” with Ryan before later adding that it would be “absurd” not to consider running for president herself.

“[W]e have some strong — some young Turks in this party,” said Palin. “Paul Ryan — I’m very impressed with Paul Ryan. . . . He’s good. Man, he is sharp. He is smart, articulate. And he is passionate about these commonsense solutions that America has got to adopt to get us on the right road.”

I don’t like Pawlenty, and Huckabee and Romney are not conservative enough either. Huckabee is too far left on economic issues and Romney is too far left on social issues. But Ryan is just right.

That quote about his head being too small and his kids not being big enough is at the end of this video:

He’s got his priorities straight.

Fiscally conservative Canada campaigns against global bank tax

Canadian Prime Minister Stephen Harper

Story from Breitbart.

Excerpt:

Canada will “resist” a bank tax, Industry Minister Tony Clement said Tuesday as ministers fanned out across the world to raise opposition to the proposal for avoiding another financial crisis.

“Canada is, and will remain, opposed to a tax that would penalize financial institutions that remained strong and prosperous while many of the world’s banks failed,” Clement told a press conference with Foreign Minister Lawrence Cannon.

“We will resist the bank tax here at home and we seek to convince other heads of government of the virtue of our position,” he said as senior ministers echoed his message in Mumbai, Beijing and Washington.

Attempts to reach international agreement on coordinated bank taxes at last month’s G20 and IMF meetings ran aground.

Nations including Canada and Brazil, whose banking sectors emerged largely unscathed from the financial crisis, objected to the plan, favoring higher capital reserve requirements instead.

[…]Clement said the bank tax would “encourage risky behavior” if it is used to create a bank bailout fund and “reward bad behavior” of those institutions responsible for the recent financial crisis in the first place.

As well, it would “unduly burden” Canadian banks and put them at a “competitive disadvantage” to other financial institutions.

“This tax would reach into consumers’ pockets and punish our financial institutions which have taken precautions to avoid the very turmoil that is afflicting other parts of the globe,” Clement lamented.

Stephen Harper is a fiscal conservative. He knows that low interest rates are bad, so he created tax-free savings accounts to get people to work and save their money. And he knows that people who buy houses need to be able to pay for them, and his banking policies reflect that. There is no Democrat-sponsored “Community Reinvestment Act” in Canada to allow the socialist mafia (ACORN) to pressure private banks into making risky loans. And there are no Democrats taking political contributions while blocking attempts to investigate Fannie Mae and Freddie Mac. And there are no bank bailouts!

The Conservative Party of Canada keeps its banking sector squeaky clean. They even plan to cut spending! And the Canadian people support fiscal conservatism. That’s why they aren’t facing the mess we are facing. And they have lower unemployment, too – 8.1% compared to our 9.9%. Canada is kicking our tails! How can this be? How did they manage to elect an economist, while we are stuck with this perpetually-bowing flibbertigibbet and his legions of bloviating boffins, each more corrupt and incompetent than the last? Democrats have no real-life experience! They just had rich parents!

Look at this article from the Financial Post.

Excerpt:

“In Canada, there were no taxpayer bailouts of financial institutions, so we believe there is no justification for levies on banks and financial institutions,” Harper said at a news conference following meetings with European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy.

[…]Canada and the EU are in the midst of negotiating an ambitious trade deal. The Comprehensive Economic and Trade Agreement (CETA) was launched at the 2009 Canada-EU summit and to date, three rounds of negotiations have taken place. There are at least two more to go over the next year.

The deal will give Canada greater access to the markets of the EU’s member countries and will strengthen an economic relationship that is already worth $75-billion in trade. The EU is Canada’s second-largest trading partner after the United States and is also Canada’s second-largest source of direct foreign investment, putting $162-billion into Canada in 2009.

This is grown-up fiscal policy. Government should stay out of the mortgage-lending industry, and sign as many free-trade deals as possible. The exact opposite of what the Obama administration is doing.

MUST-READ: WORLD magazine puts Paul Ryan on the front cover

Rep. Paul Ryan

This is the best evangelical news magazine out there. The same one that profiled Michele Bachmann a while back.

Here’s the cover story. (H/T Muddling Toward Maturity)

Excerpt:

While a student at Miami University in Ohio, Ryan thought he’d become an economist. He read the likes of Milton Friedman and Ayn Rand and envisioned a life of theories. But he eventually learned that public policy is the arena where ideas really live or die. “That is what built this country—good ideas,” he says.Post-graduation stints as a speechwriter for Jack Kemp, at a conservative think tank, and as legislative director for Sen. Sam Brownback of Kansas led to Ryan’s successful run for an open House seat in 1998. He was just 28.

After almost a decade of near anonymity in Congress, Ryan’s 2007 ascension as the ranking Republican on the House Budget Committee gave him the staff resources and the clout to let out his inner economist. He now also is senior member of the tax-writing House Ways and Means Committee. From those perches he has crafted a roadmap to privatize Medicare and Medicaid, provide vouchers for many federal programs, replace employee-sponsored health insurance plans with individual tax credits, and impose tough controls on federal spending.

The Congressional Budget Office, the nonpartisan number crunchers, determined that Ryan’s roadmap delivered on its promises of balanced budgets and smaller deficits (unlike its projections for Obamacare). Under current policies, the CBO concludes that the nation in 2080 will devote 34 percent of its gross domestic product (GDP) to government spending; under Ryan’s plan, the CBO predicts that federal spending in 2080 would fall to less than 14 percent of the GDP while the government would enjoy a 5 percent annual surplus. And all without raising taxes. In fact, Ryan proposes a flat tax of two rates: 10 percent and 25 percent.

Better read it quick, before it goes behind the pay firewall.

Lately, I have been busy working my way through the Indivisible e-book that the Heritage Foundation published. The e-book is about 85 pages long, and features leading fiscal and social conservatives, writing from the point of view that they do not normally adopt! In the e-book, Paul Ryan, a huge fiscal conservative, writes about the right to life. Check it out. I just ordered 5 more copies of Indivisible from the Heritage Foundation along with some of their new booklet on Regulations.