Mr. Terhune: That is getting a bit off topic relative to Mr. Reynolds’ essay, but despite the effort Rep. Ryan made on the job training programs his document, there is nothing new in it.
In effect he proposes to dismantle social security and Medicare for no good reason. They are both efficacious programs that have very wide and deep support among the population and are well-run. The issues with both have to due with adjusting fund inflows and benefits that determine fund outflows, so that both funds maintain their liquidity. Social security’s funding can be adjusted through marginal changes in qualifications or tax rates.
Medicare is addressed in the new healthcare law. The growth in the outflow of funds will be curtailed, appropriately so.
Rep. Ryan’s tax proposal is non-progressive with a maximum rate of 25% on income and unrealistically simplistic. It assumes that the only role that taxation performs is to raise revenue when in fact it is called upon by the full range of political opinion to play many other functions.
I know little about job training programs which represent the fourth area he addresses, but there may be some good proposals in regard to job training. I simply do not know.