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Five Budget Questions Mitt Romney Needs To Answer Now That Paul Ryan Is On The Ticket

Our guest blogger is Michael Linden, Director for Tax and Budget Policy at the Center for American Progress Action Fund.

Now that Mitt Romney has selected Rep. Paul Ryan (R-WI) to be his running mate, Ryan’s budget plan moves to the center of the presidential campaign. Ryan’s budget is a near-pure distillation of right-wing economic ideology. It would slash basic economic investments, end the Medicare guarantee, decimate the social safety-net, and dramatically cut taxes for the richest households.

If you find it hard to believe that the Republican Party’s budget chief would put forth such a callous plan, you are not alone. When the plan is described to ordinary voters, they literally do not believe that a lawmaker would propose such a plan.

But now that the budget chief is also running to be the Vice President, it’s time for Romney to answer some basic, but critical, questions about how his vision and his running mate’s vision fit together. Here are five:

1. You want to amend the Constitution to require balanced federal budgets, but haven’t explained how to achieve that goal. Ryan’s budget plan, meanwhile, doesn’t balance for at least 30 years. What parts of Ryan’s budget would you change to make it comply with your call for a balanced budget amendment, or is that about how long you think it’ll take to balance the budget?

2. You’ve criticized President Obama for including cuts to Medicare as part of the Affordable Care Act, but Ryan’s budget plan contains the very same cuts. Does that mean Ryan also “robs” from Medicare? (Today, Romney indicated that the answer may be “yes.”)

3. Ryan’s original budget plan included a proposal for privatizing Social Security. Is that something you support?

4. In the past, you’ve criticized Obama for not embracing the Bowles-Simpson deficit commission’s recommendations. But Ryan actually served on that commission and he voted against the plan. Was Ryan wrong to vote against Bowles-Simpson?

5. You’ve proposed an overall spending cap. But even if you adopted all of the enormous spending cuts in Ryan’s budget, you still wouldn’t comply with the cap because you’ve also called for $1.8 trillion in additional defense spending above Ryan’s levels. What else would you cut in order to hit your proposed target?

Paul Ryan’s Family Business Built On Government Contracts

Despite the repeated mantra from the Romney-Ryan campaign that “hard-working Americans are what create jobs, not government,” Paul Ryan’s family business — for whom he briefly worked as a “marketing consultant” — was built in large part on government contracts. Salon reports Ryan Incorporated Central began in 1884 doing government-subsidized railroad construction, then moved into building federal interstate highways, and helped build O’Hare Airport.

The story notes:

A current search of Defense Department contracts suggests that “Ryan Incorporated Central” has had at least 22 defense contracts with the federal government since 1996, including one from 1996 worth $5.6 million. … Mr. Anti-Spending secured millions in earmarks for his home state of Wisconsin, including, among other things, $3.3 million for highway projects. And Ryan voted to preserve $40 billion in special subsidies for big oil, an industry in which, it so happens, Ryan and his wife hold ownership stakes.

Yet in his first speech as Romney’s running-mate, Ryan joined in on the attacks on President Obama for believing that those whose businesses are successful, in part succeed because “somebody invested in roads and bridges.” Ryan proclaimed that he was “proud to stand with a man who understands what it takes to foster job creation in our economy, someone who knows from experience, that if you have a small business—you did build that.”

Last month, ThinkProgress noted the irony that a Romney campaign ad hitting President Obama for his argument that government investment plays a part in business success starred a small businessman who benefited from millions of dollars of government loans and contracts to get his business on its feet. It is more ironic still that his campaign now stars a running mate demonstrating the same kind of hypocrisy.

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