To the Journal editor:
Mitt Romney's choice of Paul Ryan as his running mate gives me hope that, when elected, the very serious issue of an out of control federal budget will be addressed.
Daniel Mitchell, senior fellow from the CATO Institute, states in his WSJ submission of Aug. 15 entitled, "What's Really in the Ryan Budget" on.wsj.com that Clinton reduced spending to 18.2 percent of gross domestic product compared to today at 24 percent.
Mitchell states that at the current trajectory federal spending will be at 35 percent of GDP by 2040, an untenable situation which will undoubtedly put the U.S. into a position of placing a greater tax burden on all citizens.
Curbing spending is critical to a sound financial state and a growing economy. Ryan's budget does just that by limiting federal spending to just 3.1 percent annually versus the President's budget which allows the budget to grow by 4.3 percent. Ryan does this through systemic change ... altering the structure of medicare and medicaid in a way that protects current recipients.
His medicare solution provides a different option for those individuals retiring after 2022 and provides for block grants to states. In a nutshell, there are no changes for those of us who are 55 and older and he creates a solution which is achievable for future generations.
Spending is out of control and Ryan has put forth a solution which creates real change. Mitt Romney's VP pick rounds out his team. Mitt Romney has experience in turning around big entities and making them profitable.
Paul Ryan provides the detailed and intimate knowledge of the federal budget. The Romney/Ryan team can provide real and necessary change and the Romney/Ryan team gives me hope again.