From The WSJ, US Rep. Paul Ryan (WI) rolls out his budget and tax plan.
What is sure to be controversial in the plan are the cuts to sensitive entitlement programs. This budget saves on Medicare through “premium supports,” which allow seniors to go out and purchase health insurance in the market, or stick with traditional Medicare, but at a lesser price. This is the plan co-authored by Democratic Sen. Ron Wyden of Oregon and Mr. Ryan. The House plan would also block grant all federal welfare entitlements to the states. And one of the biggest savings comes from repealing ObamaCare spending and mandates.
In The NYT, Bruce Bartlett recounts (ruefully) Jude Wanniski’s continued influence on Republican fiscal policy.
At The WSJ, Mary Anastasia O’Grady suggests the President may be damaged by the Misery Index.
On Forbes, Ralph Benko applauds the coalition pushing the National Debt Relief Amendment, to require a majority of states to endorse federal debt limit increases:
From Alhambra Partners, Joe Calhoun analyzes Greg Smith’s Goldman Sachs critique.
On his blog, Scott Grannis suggests companies still have lots of cash on hand.
At The Daily Beast, Zachary Karabell defends China’s trade practices.