A bold and stark choice
The Post’s View
By Editorial Board
THE BEST THING about Mitt Romney’s choice of Wisconsin Republican Paul Ryan
to be his running mate is that it offers the chance to transform what
has been a dismally substance-free campaign into a serious clash of
ideas. The energetic, likable House Budget Committee chairman has made
himself into the party’s leading thinker on the fiscal and budgetary
matters that will confront the next president. We have differed sharply
with Mr. Ryan’s policy proposals, which would cut far too deeply into an
already fraying social safety net and raise too little revenue to
support the needs of an aging society. But Mr. Ryan has demonstrated a
willingness to tackle third-rail issues from Social Security (he has
been a leading proponent of instituting voluntary private accounts,
raising the retirement age and reducing benefits for better-off seniors)
to Medicare (he would transform it, most recently in a plan worked out
with Oregon Democratic Sen. Ron Wyden, into a voucher-like system under
which seniors would purchase coverage on their own).
That has made Mr. Ryan an influential player in the Washington
debate and makes him a welcome addition to the 2012 race. The
42-year-old Mr. Ryan has been something of a one-man idea factory: On
taxes, he has proposed letting taxpayers choose between the existing
system and a new one that would have just two rates, 10 percent and 25
percent, and would eliminate taxes entirely on investment income; in a
move that seems guaranteed to drain money from the Treasury, taxpayers
would be able to choose between that and the existing system. On health
care, he has endorsed doing away with the tax-free treatment of
employer-sponsored health insurance and replacing it with a refundable
credit. There are major flaws and omissions in Mr. Ryan’s cornucopia of
proposals. Yet his selection puts useful pressure on both Mr. Romney and
President Obama to be more specific about their own approaches to
entitlement spending, tax reform and other budgetary issues about which
they would prefer to speak, if at all, in vague generalities.
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