The Audacity of Paul Ryan

Paul Ryan, the House Budget Committee chairman, on Apr. 5 did something politicians seldom do: He stuck to principle. The fiscal conservative and Republican rising star stunned Washington with a 10-year budget blueprint that would shrink government, privatize the Medicare health program for seniors, turn Medicaid into a block grant to the states, and lower to 25 percent the top rate on corporate and individual taxes.

The plan would cut federal spending by $6 trillion over the next decade and slash the deficit to 2 percent of the economy by 2022, down from this year's 9 percent, without raising taxes. Among its weaknesses: overly optimistic assumptions, including that unemployment will be a mere 2.8 percent by 2021. By slashing money for food stamps, education, transportation, and scores of other programs, it's also politically untenable to Democrats. And despite the deep cuts, the House Republican plan would not balance the budget until 2040, largely because of offsetting tax cuts. Still, the scope of Ryan's proposal made Washington's nonstop bickering—and the threat of a government shutdown on Apr. 9 unless a deal is reached over funding levels for the next six months—seem small-bore by comparison.