Capitalism with fiscal restraint or more socialist ideas with no fiscal restraint… Hmmm…. Let’s see how it works…
The list is based on a review of data for financial health, standard of living and government services. While noting that current situations may stem from decisions made years ago and that external factors like weather can be as much to blame as poor governance, 24/7 Wall St. also points out that all of the high-ranking states have “well-managed budgets” and the worst states have “high debt relative to both income and expenditure.”
This is a momentous piece.
It remains to be seen if the American public is ready to embrace the radical overhaul of the nation’s finances that Ryan proposes. The public mood is deeply ambivalent. The president’s approval rating is down to 49 percent. The Gallup Economic Confidence Index is at minus 28 (down from minus 13 in May). But Obama is still narrowly ahead of Romney in the polls as far as the popular vote is concerned (50.8 to 48.2) and comfortably ahead in the Electoral College. The pollsters say that Paul Ryan’s nomination is not a game changer; indeed, he is a high-risk choice for Romney because so many people feel nervous about the reforms Ryan proposes.
Finally we get a guy that proposes change that will HELP America, and people are skittish? Lord.