Obama's New Adversary

From CNN/Fortune.

"Obama noted that Ryan had "made a serious proposal" to rein in the deficit and then praised him for at least addressing entitlement spending. Following those apparently peaceful words, Democrats launched a withering assault over the next three days as budget director Peter Orszag, Democratic Congressional Campaign chairman Chris Van Hollen, and House Speaker Nancy Pelosi all pummeled Ryan for threatening the safety net for the elderly and providing tax breaks for the rich."

...

"What is the Ryan plan , and why is the Obama administration seemingly obsessed with it? Ryan calls his proposal, published in January, the Roadmap for America's Future. It's a remarkably comprehensive, daring manifesto that tackles every part of the budget on a presidential scale, from Social Security to tax policy to health-care reform.

The goal is to eliminate the deficit, and eventually all federal debt, without any crippling tax increases. Under Ryan's plan, for example, federal spending would reach just 24% of GDP in 2035 and then fall, vs. the CBO's projection of 34% and rising from there. Ryan would make the deficit disappear by mid-century."